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 December was 69 , down 11.5 % from 78 days last month and down 6.8 % from 74 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .

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 December 2017 Selling Price per Square Foot of $ 209 was up 38.5 % from $ 151 last month and up 47.4 % from 142 in December 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 December 2017 Selling Price vs Original List Price of 93.2 % was up from 93.1 % last month and down from 93.5 % in December 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 December 2017 was 430 , down 28.9 % from 605 last month and down 8.7 % from 471 in December of last year .

Days On Market for Sold Properties

240 220 200 180 160 140 120 100

95 % 94 % 93 % 92 % 91 % 90 % 89 %

123

142

Selling Price versus Listing Price Ratio

92.5 %

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

2,532 2,549 2,468 2,329 2,270 2,171

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

2,140 2,077 2,082 2,135 2,197 2,160 2,275 2,359 2,327 2,361 2,291 2,233 2,161 2,104 2,176 2,203 2,314

93.5 %

2,229 2,361 2,357 2,330 2,289 2,166 2,146 2,075 2,056

3 Mo Avg

3 Mo Avg

2,048 2,088 2,133

209

93.2 %

2,005

1,000 500

0

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