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 76 , down 5.0 % from 80 days last month and up 20.6 % from 63 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 $ 134 was down 7.2 % from $ 144 last month and up 11.5 % from 120 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 95.5 % was up from 93.7 % last month and up from 92.8 % 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 208 , up 61.2 % from 129 last month and up 3.0 % from 202 in January of last year .

100 90 80 70 60 50 40 30 20 10 0

150 145 140 135 130 125 120 115 110 105 100

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

700 600 500 400

Days On Market for Sold Properties

87

125

Selling Price versus Listing Price Ratio

93.5 %

609 596 604 602 610 598 614

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

595 631 621 590 572 562 575 564 563 560 556 515 499 515 493 472

63

120

92.8 %

503 518 541 538 529 528 539 554

518

3 Mo Avg

3 Mo Avg

524 528

485

76

134

95.5 %

459

300 200 100

0

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