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 90 , up 34.3 % from 67 days last month and up 36.4 % from 66 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 $ 146 was down 5.1 % from $ 154 last month and up 0.7 % from 145 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 94.5 % was down from 95.2 % last month and down from 95.5 % 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 172 , up 45.8 % from 118 last month and down 13.6 % from 199 in January of last year .

100 90 80 70 60 50 40 30 20 10 0

200 190 180 170 160 150 140 130 120 110 100

98 % 97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 %

700 600 500 400 300

Days On Market for Sold Properties

70

130

Selling Price versus Listing Price Ratio

66

145 146

502

507 546 548 558 561 566

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

555 568 579

529

94.1 %

562 585 587 591 592 588 556 551 554 563 538 516

95.5 %

533

555 598 608 596 593 589

539

492

3 Mo Avg

3 Mo Avg

436 463

424

90

94.5 %

399

200 100

0

c o l d w e l l b a n k e r h o m e s . c o m | 99