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 February was 110 , up 37.5 % from 80 days last month and up 0.9 % from 109 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .

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 February 2017 Selling Price per Square Foot of $ 88 was down 15.9 % from $ 105 last month and down 4.4 % from 92 in February 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 February 2017 Selling Price vs Original List Price of 91.3 % was down from 94.5 % last month and down from 91.8 % in February of last year .

160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

96 % 94 % 92 % 90 % 88 % 86 % 84 %

Days On Market for Sold Properties

117

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

109 110

89

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

87.2 %

92

91.8 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

88

91.3 %

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 February 2017 was 111 , up 27.6 % from 87 last month and up 33.7 % from 83 in February of last year .

82 %

700 600 500 400 300 200 100

0

499 545 541 565 588 578 554 540 535

485

Inventory / New Listings / Sales

465 460 483 479 486 494 464 468 455

409 422 403 398 377 373

408 462 463 457 437 408 388 355 340 337 356 c o l d w e l l b a n k e r h o m e s . c o m | 11