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 80 , up 42.9 % from 56 days last month and down 1.2 % from 81 days in December of last year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 .

120

100

80

60

40

20

Days On Market for Sold Properties

3 Mo Avg

95 81 80

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 $ 113 was up 0.7 % from $ 112 last month and up 3.3 % from 109 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 93.9 % was down from 95.9 % last month and up from 93.1 % in December 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 December 2016 was 153 , down 34.3 % from 233 last month and down 17.3 % from 185 in December of last year .

0

150 140 130 120 110 100 90 80 70 60 50

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %

1,600 1,400 1,200 1,000 800 600 400 200

0

Selling Price per Square Foot

101

109

Selling Price versus Listing Price Ratio

92.8 %

1,240

1,270 1,341 1,389 1,388 1,399

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

1,403 1,343 1,304 1,266

93.1 %

Inventory / New Listings / Sales

1,210 1,106 1,099 1,096 1,189 1,172 1,244 1,279 1,257 1,250 1,239 1,227 1,137 1,071 1,027 1,002 1,058 1,128 1,120 1,178 1,157 1,127

3 Mo Avg

3 Mo Avg

1,104 1,066 995

113

93.9 %

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