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 0 , down 100.0 % from 231 days last month and down 100.0 % from 158 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 $ 0 was down 100.0 % from $ 188 last month and down 100.0 % from 366 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 0.0 % was down from 55.0 % last month and down from 80.9 % in January 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

155 158

Selling Price per Square Foot

196

366

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

97.8 % 80.9 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

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 January 2017 was 5 , up 25.0 % from 4 last month and up 66.7 % from 3 in January of last year .

50 45 40 35 30 25 20 15 10 5 0

0 %

23

29 35

38

34 34

31

27

24 23 21

Inventory / New Listings / Sales

25 28 26 28 31 32 33

36

33 33 34 34 33 36 36

32

37 40 41 44 43

35 35 36 36

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