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 108 , up 17.4 % from 92 days last month and up 1.9 % from 106 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .

140 120 100 80 60 40 20

Days On Market for Sold Properties

3 Mo Avg

113 106 108

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 $ 226 was up 13.5 % from $ 199 last month and up 15.1 % from 196 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 91.7 % was down from 93.6 % last month and down from 91.9 % in January of last year .

250 240 230 220 210 200 190 180 170 160 150

95 % 94 % 93 % 92 % 91 % 90 % 89 %

179

196

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

92.5 % 91.9 %

3 Mo Avg

226

91.7 %

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 217 , up 53.9 % from 141 last month and down 14.9 % from 255 in January of last year .

88 % 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

Inventory / New Listings / Sales

1,000 900 800 700 600 500 400 300 200 100

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

900

918 861 885 859 799 778 779 830 806 776

860 904 863 807 808 786 747 690 690 736 727 715

812 861 883 904 856 826 791 762 761 753 745 707 735 c o l d w e l l b a n k e r h o m e s . c o m | 133