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 137 , up 2.2 % from 134 days last month and equal to 137 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 $ 523 was up 11.1 % from $ 471 last month and down 1.7 % from 532 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 87.8 % was down from 88.1 % last month and down from 89.4 % 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 615 , up 35.2 % from 455 last month and down 2.7 % from 632 in January of last year .

Days On Market for Sold Properties

650 630 610 590 570 550 530 510 490 470 450

94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 % 84 % 83 %

4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

567

Selling Price versus Listing Price Ratio

91.0 %

2,705 2,748 2,700 2,590 2,548 2,577

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

2,536 2,557 2,708 2,871 2,904 3,092 3,238 3,257 3,303 3,240 3,197 3,209 3,164 3,194 3,263 3,413 3,362

532

89.4 %

3,466 3,503 3,517 3,434 3,424 3,375 3,346 3,336 3,270

3 Mo Avg

3 Mo Avg

3,457 3,502 3,437

523

87.8 %

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