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 100 , down 13.0 % from 115 days last month and down 26.5 % from 136 days in January of last year . The January 2017 DOM was at its lowest 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 $ 454 was up 13.8 % from $ 399 last month and up 11.1 % from 409 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 90.8 % was up from 89.1 % last month and up from 89.9 % 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 126 , up 193.0 % from 43 last month and up 18.9 % from 106 in January of last year .

160 140 120 100 80 60 40 20 0

500 480 460 440 420 400 380 360 340 320 300

98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

113

136

Selling Price per Square Foot

394

409

Selling Price versus Listing Price Ratio

91.2 %

350

418 455 475 499 494 489

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

477 465

429

89.9 %

Inventory / New Listings / Sales

381 401

443 499

565 600 601 613 607 579 558

490 436 461

525 619

673 716 730 708 674 651

3 Mo Avg

3 Mo Avg

3 Mo Avg

605

533

467

100

454

90.8 %

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