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 January was 72 , up 12.5 % from 64 days last month and up 10.8 % from 65 days in January of last year . The January 2017 DOM was at a mid level compared with January 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 January 2017 Selling Price per Square Foot of $ 106 was down 6.1 % from $ 113 last month and up 3.4 % from 103 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 95.4 % was up from 94.7 % last month and up from 95.1 % 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 219 , up 26.6 % from 173 last month and up 12.3 % from 195 in January of last year .

100 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 %

800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

87

92

Selling Price versus Listing Price Ratio

93.9 %

640 652 679 701 707 730

690

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

654 588

549

469 499 469 463 486 504 514 533 520 528

65

103

95.1 %

499 499 484 477 497 564 587 553 584

3 Mo Avg

3 Mo Avg

72

106

95.4 %

637 661 684 665 684

643 679

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