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 121 , down 49.8 % from 241 days last month and down 37.9 % from 195 days in January of last year . The January 2017 DOM was at its lowest 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 $ 144 was down 9.7 % from $ 159 last month and down 2.8 % from 148 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 93.8 % was down from 96.0 % last month and down from 99.7 % in January of last year .

Days On Market for Sold Properties

250 230 210 190 170 150 130 110 90 70 50

120 % 100 % 80 % 60 % 40 % 20 %

190

Selling Price versus Listing Price Ratio

148 144

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

100.1 % 99.7 %

3 Mo Avg

3 Mo Avg

93.8 %

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 13 , up 18.2 % from 11 last month and down 68.3 % from 41 in January of last year .

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

Inventory / New Listings / Sales

160 140 120 100 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

76

79 87 84 81 81 86 86 87 84

57 67 69 75

85 98 93 109 111 124 120 109 111 132 137 137 137 148 148 142

124

110 104 99 94

84

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