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 60 , up 27.7 % from 47 days last month and down 22.1 % from 77 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 $ 100 was up 3.0 % from $ 97 last month and up 7.7 % from 93 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 95.8 % was down from 95.9 % last month and up from 95.4 % 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 351 , up 31.0 % from 268 last month and up 26.7 % from 277 in February of last year .

90 80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

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

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

Days On Market for Sold Properties

78 77

Selling Price per Square Foot

87

Selling Price versus Listing Price Ratio

92.3 %

1,176 1,193 1,222 1,192 1,160 1,121

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

1,084 1,019 996

906

Inventory / New Listings / Sales

917 903 956 961 970 927 965 960 982 940

873

750

735

93

95.4 %

686 724 773 775 787 800 773 758

680

3 Mo Avg

3 Mo Avg

3 Mo Avg

601 551 532

60

100

95.8 %

548

0

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