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 71 , down 50.0 % from 142 days last month and down 57.7 % from 168 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 $ 85 was down 12.1 % from $ 97 last month and up 8.3 % from 79 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 88.3 % was down from 93.0 % last month and down from 92.2 % 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 53 , up 35.9 % from 39 last month and down 13.1 % from 61 in February of last year .

200 180 160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

500 450 400 350 300 250 200 150 100 50 0

Days On Market for Sold Properties

129

168

Selling Price per Square Foot

104

Selling Price versus Listing Price Ratio

91.3 %

415

407 432 430 434 431 439

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

450 432

382

Inventory / New Listings / Sales

357 347 348 349 343 369 367 369 373 348 332 306 303

79

92.2 %

295 312 313 309 300 303 300 271 283

3 Mo Avg

3 Mo Avg

3 Mo Avg

242 231 235

71

85

88.3 %

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