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 150 , up 61.3 % from 93 days last month and up 177.8 % from 54 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 $ 202 was down 2.1 % from $ 206 last month and up 7.6 % from 188 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 91.6 % was down from 93.4 % last month and down from 95.5 % in February of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

46

250 240 230 220 210 200 190 180 170 160 150

100 % 98 % 96 % 94 % 92 % 90 %

188 188

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

95.1 %

54

95.5 %

3 Mo Avg

3 Mo Avg

150

202

91.6 %

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 100 , equal to 100 last month and up 5.3 % from 95 in February of last year .

88 % M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 14

15 16

17

Inventory / New Listings / Sales

450 400 350 300 250 200 150 100 50 0 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 14

15 16

17

93 98 84 123 135

155

174 214 217 225 249 241 259

240 212 211 212 214 213 235 245 230

296

318 344 355 353 343 312 303 303

341 365 369 408 414 c o l d w e l l b a n k e r h o m e s . c o m | 53