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 73 , up 15.9 % from 63 days last month and up 10.6 % from 66 days in February of last year . The February 2017 DOM was at a mid level compared with February 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 February 2017 Selling Price per Square Foot of $ 109 was up 2.0 % from $ 107 last month and up 4.4 % 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 2017 Selling Price vs Original List Price of 94.7 % was down from 94.8 % last month and down from 95.2 % in February of last year .

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 %

Days On Market for Sold Properties

60

Selling Price per Square Foot

102 104

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

96.2 %

66

95.2 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

73

109

94.7 %

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 2017 was 1,429 , up 8.1 % from 1,322 last month and up 3.7 % from 1,378 in February of last year .

92 %

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

2,514 2,544 2,676 2,778 2,772 2,645 2,508 2,430 2,301 2,266

Inventory / New Listings / Sales

2,423 2,613 2,644 2,831 3,020 3,219 3,403 3,323 3,263

3,279 3,141 3,021 3,190 3,280 3,507 3,639 3,713 4,035 4,202 4,155 3,934 3,749

3,536 3,316 3,249 3,244 c o l d w e l l b a n k e r h o m e s . c o m | 13