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 120 , up 118.2 % from 55 days last month and down 9.8 % from 133 days in January of last year . The January 2017 DOM was at its lowest 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 $ 90 was up 24.3 % from $ 72 last month and down 2.6 % from 92 in January 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 January 2017 Selling Price vs Original List Price of 91.1 % was down from 91.6 % last month and up from

90 % 87.3 % in January of last year .

85 %

64

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

93.6 %

92

87.3 %

3 Mo Avg

3 Mo Avg

90

91.1 %

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 January 2017 was 24 , down 31.4 % from 35 last month and down 41.5 % from 41 in January of last year .

75 % 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 J 14

15 16

17

Inventory / New Listings / Sales

200 180 160 140 120 100 80 60 40 20 0 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 J 14

15 16

17

172 179 172 185 189 185 180

159 159 156 148 158 155 149

139 148 152

166 178 182 180 176

153 159 159 155 157 166 172 178 163 171 165 165 176 171 c o l d w e l l b a n k e r h o m e s . c o m | 9