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 96 , up 2.1 % from 94 days last month and down 17.9 % from 117 days in December of last year . The December 2016 DOM was at its lowest 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 $ 102 was up 2.7 % from $ 99 last month and up 4.3 % from 97 in December of last year .

160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

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 96 % original list price . The lower the ratio is below 100 % the more of

94 % 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 92 % List Price of 89.1 % was down from 92.5 % last month and down from 90.7 % in December of last year . 90 % 88 % 86 % 84 %

Days On Market for Sold Properties

107

117

Selling Price per Square Foot

94

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

90.8 % 90.7 %

97

3 Mo Avg

3 Mo Avg

3 Mo Avg

96

102

89.1 %

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 37 , down 37.3 % from 59 last month and down 30.2 % from 53 in December of last year .

82 %

700 600 500 400 300 200 100

0

458 475 499 545 541 565 588 578 554 540

Inventory / New Listings / Sales

535 485 465 460 483 479 486 494 464 468 455 409 422 403 398 377 373

408 462 462 456 436 406 384 350 329

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