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 145 , up 16.0 % from 125 days last month and up 33.0 % from 109 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 $ 584 was up 3.4 % from $ 565 last month and up 1.0 % from 578 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 89.0 % was down from 91.5 % last month and down from 91.0 % 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 618 , up 35.8 % from 455 last month and down 7.8 % from 670 in January of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

120

650 630 610 590 570 550 530 510 490 470 450

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

4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

518

Selling Price versus Listing Price Ratio

91.4 %

2,548 2,595 2,645 2,624 2,594 2,583

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

2,644 2,565 2,605 2,648 2,506 2,637 2,663 2,705 2,650 2,544 2,507 2,539 2,502 2,532 2,687 2,802 2,861

109

578

91.0 %

3,045 3,189 3,196 3,243 3,181 3,137 3,135 3,096 3,131

3 Mo Avg

3 Mo Avg

3,202 3,346 3,281

145

584

89.0 %

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