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 60 , down 13.0 % from 69 days last month and down 34.8 % from 92 days in January of last year . The January 2018 DOM was at its lowest 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 $ 136 was down 5.0 % from $ 143 last month and down 1.8 % from 139 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 91.8 % was down from 94.3 % last month and down from 94.8 % 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 83 , up 62.7 % from 51 last month and down 52.8 % from 176 in January of last year .

100 90 80 70 60 50 40 30 20 10 0

200 190 180 170 160 150 140 130 120 110 100

98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

700 600 500 400 300

Days On Market for Sold Properties

65

144

Selling Price versus Listing Price Ratio

95.5 %

587 590 592 594 590 561 553

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

555 558 547 524 540 560 606 616 606 612 611

561 514

464 496 467

92

139

94.8 %

462 465 473 460 469 457 455 467 445

3 Mo Avg

3 Mo Avg

454 438 416

60

136

91.8 %

414

200 100

0

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