Market Time 200

The average Days On Market ( DOM ) shows how many days the

180 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 160 Buyer ' s market , a downward trend a move towards more of a 140 Seller ' s market . The DOM for January was 101 , up 11.0 % from 91

120 days last month and down 24.1 % from 133 days in January of last year . The January 2017 DOM was at its lowest level compared 100 with January of 2016 and 2015 .

80 60 40 20 0

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 January 2017 Selling Price per Square Foot of $ 102 was down 30.0 % from $ 146 last month and up 8.8 % from 94 in January 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 January 2017 Selling Price vs Original List Price of 92.4 % was down from 93.4 % last month and up from 88.9 % in January 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 January 2017 was 109 , up 98.2 % from 55 last month and down 6.0 % from 116 in January of last year .

150 140 130 120 110 100 90 80 70 60 50

96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %

700 600 500 400 300 200

Days On Market for Sold Properties

116

84

Selling Price versus Listing Price Ratio

83.6 %

547 576 603 652 663

604

544

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

488 437

393

327 348

381 430 448 489 480 458 481 454 446 421 417

133

94

88.9 %

429

468 514 502 498 508 507 501 486

3 Mo Avg

3 Mo Avg

496 539 523

101

102

92.4 %

553

100 0

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