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 January was 137 , up 26.9 % from 108 days last month and up 37.0 % from 100 days in January of last year . The January 2017 DOM was at a mid level compared with January 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 January 2017 Selling Price per Square Foot of $ 264 was up 13.7 % from $ 233 last month and down 8.3 % from 288 in January 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 January 2017 Selling Price vs Original List Price of 88.1 % was down from 88.8 % last month and down from 91.4 % in January 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 January 2017 was 337 , up 40.4 % from 240 last month and up 7.7 % from 313 in January of last year .

Days On Market for Sold Properties

180 160

137

140 120

110

100

100 80 60 40 20 0 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 M A M J J A S O N D J 14

15 16

17

Selling Price per Square Foot

3 Mo Avg

300 290 280 270 260 250 240 230 220 210 200

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %

1,800 1,600 1,400 1,200 1,000 800 600 400 200

0

263

Selling Price versus Listing Price Ratio

1,186 1,208 1,225 1,204 1,200 1,213

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

1,161 1,165 1,212 1,229 1,175

288

91.4 % 91.4 %

1,217 1,244 1,249 1,236 1,243 1,255 1,225 1,218 1,220 1,271 1,324 1,334 1,432 1,459 1,507 1,530 1,556 1,566 1,538 1,542 1,559

3 Mo Avg

3 Mo Avg

1,554 1,587 1,544

264

88.1 %

1,644 c o l d w e l l b a n k e r h o m e s . c o m | 105