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 March was 43 , down 8.5 % from 47 days last month and down 12.2 % from 49 days in March of last year . The March 2017 DOM was at its lowest level compared with March 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 March 2017 Selling Price per Square Foot of $ 131 was down 2.1 % from $ 134 last month and up 8.8 % from 121 in March 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 March 2017 Selling Price vs Original List Price of 98.2 % was up from 95.3 % last month and up from 95.5 % in March 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 March 2017 was 95 , up 30.1 % from 73 last month and up 20.3 % from 79 in March of last year .

Days On Market for Sold Properties

90 80

70

70 60

49 50

43

40 30 20 10 0 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 F M 14

15 16

17

Selling Price per Square Foot

3 Mo Avg

150 145 140 135 130 125 120 115 110 105 100

99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

250

200

150

100

50

109

Selling Price versus Listing Price Ratio

93.6 %

210

203 217 220 224 221 219

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

215

190

159 141 142 159 157 156 169 172

160

147 135 127 125 119

121

95.5 %

136 155 155 149 140 149 147 152

140

3 Mo Avg

3 Mo Avg

131

98.2 %

114 114 114 122

0

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