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 85 , up 4.9 % from 81 days last month and up 10.4 % from 77 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 $ 248 was down 5.7 % from $ 263 last month and up 10.2 % from 225 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 93.6 % was down from 94.3 % last month and up from 93.4 % 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 958 , up 43.6 % from 667 last month and down 1.5 % from 973 in January of last year .

Days On Market for Sold Properties

290 270 250 230 210 190 170 150

96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 %

197

225

Selling Price versus Listing Price Ratio

93.7 %

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

2,418 2,376

2,228 2,026 1,940 1,884

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

1,851 1,875 1,980 2,131 2,158

2,374 2,526 2,573 2,537 2,410 2,427 2,398 2,368 2,313 2,424 2,535 2,616

93.4 %

2,824 2,956 2,970 2,758 2,670 2,559 2,460 2,353 2,251

3 Mo Avg

3 Mo Avg

2,336 2,435 2,471

248

93.6 %

2,584

500 0

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