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 180 , up 26.8 % from 142 days last month and up 13.2 % from 159 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 $ 411 was up 11.0 % from $ 371 last month and up 7.1 % from 384 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 89.8 % was up from 89.5 % last month and down 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 165 , up 58.7 % from 104 last month and down 28.6 % from 231 in January of last year .

200 180 160 140 120 100 80 60 40 20 0

450 430 410 390 370 350 330 310 290 270 250

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

900 800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

154

369

Selling Price versus Listing Price Ratio

92.1 %

790 746 723

660 622 585 549

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

546 588 608 637 660 678 670 647 637 595 572 529 542 563

631

674

159

384

92.8 %

769 789 816 785

735

697 658 647 658

3 Mo Avg

3 Mo Avg

679 741 739

180

411

89.8 %

744

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