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 107 , down 4.5 % from 112 days last month and down 15.7 % from 127 days in February of last year . The February 2017 DOM was at its lowest 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 $ 92 was up 3.8 % from $ 89 last month and up 14.0 % from 81 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 92.1 % was down from 94.0 % last month and up from 90.5 % in February 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 February 2017 was 230 , up 43.8 % from 160 last month and up 59.7 % from 144 in February of last year .

160 140 120 100 80 60 40 20 0

100 95 90 85 80 75 70 65 60 55 50

96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

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

Days On Market for Sold Properties

123

127

Selling Price per Square Foot

71

Selling Price versus Listing Price Ratio

91.8 %

1,116 1,136 1,154 1,179 1,194 1,190

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

1,141 1,113 1,062 960

Inventory / New Listings / Sales

943 898 922 963 999 987 973 968 947 892 833 791 762

81

90.5 %

719 760 767 780 759 755 761 734 708

3 Mo Avg

3 Mo Avg

3 Mo Avg

673 604 588

107

92

92.1 %

683

0

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