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 85 , up 19.7 % from 71 days last month and up 9.0 % from 78 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 $ 175 was up 6.1 % from $ 165 last month and up 2.5 % from 171 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 93.6 % was down from 93.7 % last month and down from 94.4 % 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 138 , up 32.7 % from 104 last month and down 1.4 % from 140 in January of last year .

180 160 140 120 100 80 60 40 20 0

200 190 180 170 160 150 140 130 120 110 100

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 %

700 600 500 400 300 200

Days On Market for Sold Properties

102

142

Selling Price versus Listing Price Ratio

92.8 %

643 595 568 555 527 487 467

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

462 501 489 492 516 502 459 432

396

354 318 308 318 352 367 375

78

171

94.4 %

403 460 449 403 375 341 316 301 310

3 Mo Avg

3 Mo Avg

85

175

93.6 %

330 330 343 369

100 0

c o l d w e l l b a n k e r h o m e s . c o m | 57