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 February was 41 , down 25.5 % from 55 days last month and down 6.8 % from 44 days in February of last year . The February 2018 DOM was at its lowest level compared with February of 2017 and 2016 .

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 February 2018 Selling Price per Square Foot of $ 114 was down 0.3 % from $ 114 last month and up 9.5 % from 104 in February 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 February 2018 Selling Price vs Original List Price of 93.5 % was down from 96.3 % last month and down from 96.0 % in February 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 February 2018 was 90 , up 5.9 % from 85 last month and up 1.1 % from 89 in February 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

99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %

300 250 200 150 100

Days On Market for Sold Properties

82

93

Selling Price versus Listing Price Ratio

97.0 %

249 270

243 256 268 248 236

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

239

233

191 193 189 177 171 186 187 201 209

183 185 192 169 173

44

104

96.0 %

177 174 172 167 172 185 191 184 174

3 Mo Avg

3 Mo Avg

170 152 159

41

114

93.5 %

157

50 0

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