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 100 , up 20.5 % from 83 days last month and down 13.0 % from 115 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 $ 428 was up 7.1 % from $ 399 last month and down 23.0 % from 555 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 93.4 % was down from 94.0 % last month and up from 92.9 % 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 99 , up 67.8 % from 59 last month and up 15.1 % from 86 in January of last year .

200 180 160 140 120 100 80 60 40 20 0

600 550 500 450 400 350 300

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %

400 350 300 250 200 150 100 50 0

Days On Market for Sold Properties

90

422

Selling Price versus Listing Price Ratio

299

296 279 272 256 247 231

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

216

246 269 278

115

555

92.8 % 92.9 %

293 326 332 317 306 284 272 264 264 276 300 304 345 347 335 310 314 287 275 251 246

269

3 Mo Avg

3 Mo Avg

298 315

100

428

93.4 %

358

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