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 63 , up 21.2 % from 52 days last month and down 4.5 % from 66 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 $ 115 was up 0.7 % from $ 114 last month and up 7.3 % from 107 in December of last year .

90 80 70 60 50 40 30 20 10 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 98 % 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 97 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 96.7 % was down from 97.0 % last month and up

96 % from 95.9 % in December of last year .

95 % 94 % 93 %

Days On Market for Sold Properties

72

Selling Price per Square Foot

99

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

95.5 %

66

107

95.9 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

63

115

96.7 %

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 234 , down 16.1 % from 279 last month and up 14.7 % from 204 in December of last year .

92 %

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

0

1,225

1,248 1,320 1,372 1,416 1,478 1,420 1,418 1,327 1,265

Inventory / New Listings / Sales

1,183 1,086 1,084 1,096 1,150 1,217 1,237 1,231 1,259

1,199 1,169 1,124 1,058 940 950 941 978 1,025 1,064 1,120 1,137 1,068 1,038 971

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