Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for February was 71 , down 42.3 % from 123 days last month and up 18.3 % from 60 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The February 2017 Selling Price per Square Foot of $ 299 was up 2.3 % from $ 292 last month and down 4.6 % from 313 in February of last year .

Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The February 2017 Selling Price vs Original List Price of 91.5 % was down from 92.2 % last month and down from 91.8 % in February of last year .

Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in February 2017 was 49 , down 7.5 % from 53 last month and down 12.5 % from 56 in February of last year .

160 140 120 100 80 60 40 20 0

400 380 360 340 320 300 280 260 240 220 200

98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %

200 180 160 140 120 100 80 60 40 20 0

Days On Market for Sold Properties

58 60

293

Selling Price versus Listing Price Ratio

94.6 %

180 173

164

146 134 135

126

Avg Selling Price divided by Avg Listing Price for sold properties during the month

128 131 138 150 149 148 145 140 135 134 127 135 128 131 134

150

313

71

299

91.8 % 91.5 %

168

167 151 155 148

120

113 131 135

3 Mo Avg

3 Mo Avg

150

144 165 161

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