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 75 , up 10.3 % from 68 days last month and up 4.2 % from 72 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 $ 157 was down 21.8 % from $ 201 last month and up 9.3 % from 144 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 92.6 % was down from 93.1 % last month and up from 91.5 % in January of last year .

Days On Market for Sold Properties

240 220 200 180 160 140 120 100

95 % 94 % 93 % 92 % 91 %

132

144

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

94.1 %

91.5 %

3 Mo Avg

3 Mo Avg

157

92.6 %

90 % 89 %

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 685 , up 59.7 % from 429 last month and down 7.1 % from 737 in January of last year .

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

2,549

2,468 2,330 2,271 2,172 2,141 2,078 2,083 2,136 2,198 2,161 2,276 2,360 2,328 2,362 2,292 2,234 2,163 2,106 2,178 2,205 2,316 2,231 2,363 2,362 2,337 2,298 2,177 2,158 2,090 2,079 2,078 2,118 2,167 2,036 2,082

1,000 500

0

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