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 150 , up 57.9 % from 95 days last month and up 30.4 % from 115 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 $ 256 was down 7.7 % from $ 278 last month and down 4.0 % from 267 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 98.4 % was up from 92.6 % last month and up from 95.3 % in January of last year .

180 160 140 120 100 80 60 40 20 0

290 270 250 230 210 190 170 150

105 % 100 % 95 % 90 % 85 %

Days On Market for Sold Properties

159

115

Selling Price per Square Foot

208

267

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

83.9 %

95.3 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

150

256

98.4 %

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 37 , up 270.0 % from 10 last month and up 94.7 % from 19 in January of last year .

75 %

160 140 120 100 80 60 40 20 0

89

100 109 115 108 97 91

81 77

68

Inventory / New Listings / Sales

54 53

66 75 81 91 90 102 97

103 101

87

71 78

91 105

114 126 130 137 136 140 143 147

131 134 c o l d w e l l b a n k e r h o m e s . c o m | 7