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 December was 231 , up 344.2 % from 52 days last month and down 41.5 % from 395 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .

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 December 2016 Selling Price per Square Foot of $ 188 was down 49.3 % from $ 370 last month and down 62.9 % from 506 in December 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 December 2016 Selling Price vs Original List Price of 55.0 % was down from 92.0 % last month and down from 89.3 % in December of last year .

500 450 400 350 300 250 200 150 100 50 0

600 550 500 450 400 350 300 250 200 150

140 % 120 % 100 % 80 % 60 %

Days On Market for Sold Properties

17

395

Selling Price per Square Foot

333

506

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

120.6 %

89.3 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

231

188

55.0 %

40 % 20 %

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 December 2016 was 4 , equal to 4 last month and up 300.0 % from 1 in December of last year .

50 45 40 35 30 25 20 15 10 5 0

0 %

23 23

29 35

38

34 34

31

27

24 23

Inventory / New Listings / Sales

21

25 28 26 28 31 32 33

36

33 33 34 34 33 36 36

32

37 40 41 44 43

35 35 36

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