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 33 , down 84.8 % from 217 days last month and down 64.1 % from 92 days in February of last year . The February 2017 DOM was at its lowest 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 $ 307 was up from $ 0 last month and down 8.8 % from 337 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 90.9 % was down from 91.0 % last month and up from 85.9 % 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 2017 was 13 , up 8.3 % from 12 last month and up 44.4 % from 9 in February of last year .

700 600 500 400 300 200 100

Days On Market for Sold Properties

244

650 600 550 500 450 400 350 300 250 200 150

100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %

160 140 120 100 80 60 40 20 0

Selling Price versus Listing Price Ratio

103 117 116 121 118 124 126

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

130

115

96

86

92

337

86.4 % 85.9 %

97

116 133 137

150 140 139 139 138

123

93 85 87

115

130 142 141 144

137 129 125

3 Mo Avg

3 Mo Avg

111

33

307

90.9 %

92 94 93

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