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 57 , down 48.2 % from 110 days last month and down 63.5 % from 156 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 $ 74 was up 10.5 % from $ 67 last month and up 12.2 % from 66 in December of last year .

Days On Market for Sold Properties

150 140 130 120 110 100 90 80 70 60 50

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 100 % 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 95 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 91.2 % was up from 88.6 % last month and down

90 % from 92.0 % in December of last year .

85 %

74

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

94.3 %

66

92.0 %

3 Mo Avg

3 Mo Avg

74

91.2 %

80 %

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 36 , up 33.3 % from 27 last month and up 111.8 % from 17 in December of last year .

75 % J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 14

15

16 Inventory / New Listings / Sales

200 180 160 140 120 100 80 60 40 20 0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 14

15

16

178 172 179 172 185 189 185 180

159 159 156 148 158 155 149

139 148 152

166 177 181 179 175

152 156 156 154 156 164 169 174

159 169 161 162

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