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 109 , down 22.7 % from 141 days last month and up 7.9 % from 101 days in January of last year . The January 2018 DOM was at a mid level compared with January 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 January 2018 Selling Price per Square Foot of $ 410 was up 7.6 % from $ 381 last month and up 15.2 % from 356 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 2018 Selling Price vs Original List Price of 90.9 % was down from 91.7 % last month and down from 91.0 % in January 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 January 2018 was 159 , up 82.8 % from 87 last month and up 9.7 % from 145 in January of last year .

160 140 120 100 80 60 40 20 0

440 420 400 380 360 340 320 300

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 %

700 600 500 400 300 200 100

0

Days On Market for Sold Properties

117

375

Selling Price versus Listing Price Ratio

90.7 %

547 528 534 520

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

101

356

3 Mo Avg

3 Mo Avg

109

410

91.0 % 90.9 %

509 509 512 512 522 512 489

534 567 590 614 615 614 606 607 627 614 601 581 599 607 633 618 623 623 618 610 593 601 562 538

583

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