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 31.1 % from 61 days last month and down 38.0 % from 129 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 $ 80 was down 5.4 % from $ 85 last month and up 17.0 % from 68 in December of last year .

160 140 120 100 80 60 40 20 0

100 95 90 85 80 75 70 65 60 55 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 100 % 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 95 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 91.2 % was down from 95.1 % last month and up from

90 %

87.4 % in December of last year .

85 % 80 % 75 %

Days On Market for Sold Properties

123

129

Selling Price per Square Foot

71

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

87.9 % 87.4 %

68

3 Mo Avg

3 Mo Avg

3 Mo Avg

80

80

91.2 %

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 83 , down 41.1 % from 141 last month and up 2.5 % from 81 in December of last year .

70 %

1,000 900 800 700 600 500 400 300 200 100

0

Inventory / New Listings / Sales

793 793 792 789 823 865 888 874 845 866 837 775 771 713 727 709 739 745 761 769 764 733 682 641 601 600 570 585 552 557 560 546 546 539 513

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