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 46 , down 22.0 % from 59 days last month and down 17.9 % from 56 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 $ 99 was up 2.5 % from $ 97 last month and up 7.7 % from 92 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 97.2 % was up from 96.2 % last month and up from 95.7 % 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 207 , down 13.4 % from 239 last month and up 15.6 % from 179 in December of last year .

100 90 80 70 60 50 40 30 20 10 0

100 95 90 85 80 75 70 65 60 55 50

98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

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

Days On Market for Sold Properties

67

Selling Price per Square Foot

87

Selling Price versus Listing Price Ratio

94.3 %

1,101 1,132 1,176 1,193 1,222 1,192

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

1,160 1,121 1,084

1,019

Inventory / New Listings / Sales

996 906 917 903 956 961 970 927 965 960 982 940

873

56

92

95.7 %

750 735 686 723 772 774 787 800 773

3 Mo Avg

3 Mo Avg

3 Mo Avg

758 680

594

46

99

97.2 %

518

0

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