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 78 , down 7.1 % from 84 days last month and down 14.3 % from 91 days in February of last year . The February 2017 DOM was at its lowest 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 $ 161 was down 7.9 % from $ 175 last month and up 7.2 % from 150 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 94.2 % was up from 93.7 % last month and up from 92.9 % 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 136 , down 1.4 % from 138 last month and down 13.4 % from 157 in February of last year .

180 160 140 120 100 80 60 40 20 0

200 190 180 170 160 150 140 130 120 110 100

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 %

700 600 500 400 300 200

Days On Market for Sold Properties

79

136

Selling Price versus Listing Price Ratio

92.1 %

595 568 555 527 487 467 462

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

501 489 492 516 502 459 432

396

354 318 308 318 352 367 375 403

91

150

92.9 %

460

449 403 375 341 316 301 310 330

3 Mo Avg

3 Mo Avg

332 346

381

78

161

94.2 %

414

100 0

c o l d w e l l b a n k e r h o m e s . c o m | 57