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 77 , down 18.1 % from 94 days last month and up 18.5 % from 65 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 $ 103 was up 1.0 % from $ 102 last month and up 9.6 % from 94 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 98.1 % was down from 98.2 % last month and up from 98.0 % in January of last year .

Days On Market for Sold Properties

150 140 130 120 110 100 90 80 70 60 50

100 % 98 % 96 % 94 % 92 % 90 %

90

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

95.0 %

94

3 Mo Avg

3 Mo Avg

103

98.0 % 98.1 %

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 76 , down 2.6 % from 78 last month and down 30.3 % from 109 in January of last year .

88 % F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J 15

16 17

18

Inventory / New Listings / Sales

400 350 300 250 200 150 100 50 0 F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J 15

16 17

18

320 335 333 367 357 355 351 354

337 315 324

341 320 329 318 326 328 311 301 317 307 299 314 330 344 342 342 339 330 322 321

285

274 255 267

244

210 | c o l d w e l l b a n k e r h o m e s . c o m