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 66 , up 20.0 % from 55 days last month and down 23.3 % from 86 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 $ 117 was down 3.6 % from $ 121 last month and up 11.1 % from 105 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 94.7 % was down from 96.0 % last month and up from 92.7 % 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 94 , down 10.5 % from 105 last month and up 59.3 % from 59 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

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

700 600 500 400 300 200

Days On Market for Sold Properties

113

Selling Price per Square Foot

108

Selling Price versus Listing Price Ratio

91.9 %

498

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

Inventory / New Listings / Sales

500 500 528 526 551 586 579 540 524 496 464 467 469 498 518 509 517 498 469 449 417 388 365 385 384 382 397 394 402 425 404 395 367 356 339

86

105

92.7 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

66

117

94.7 %

100 0

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