Trends from the previous month:

1. December 2017 price drop and days on the market increase were all an statistical anomaly due to houses being pulled briefly from the market and then added back in a few days later.  This has the effect of resetting the clock as far as days on the market is concerned.  Houses that were on the market for a year or more are now listed as being for sale only for a few days.  It will take a few months for this trade trick to work itself out of the numbers.
2. Ignoring the clock resets, the number of homes on the market continues to decrease.
3. Homes selling for less than $500,000 are staying on the market longer. Homes on the market for more than $500,000 are selling quicker.
4. Price per square foot for all homes is essentially flat.
5. Next month I will have 6 months of data and will start showing the monthly results in graphical form.  Should be easier to ascertain the month to month changes.

Trends from the previous month:

1. The overall market is experiencing a price drop in single family homes, not only in the absolute price of average and medium homes values but in the price/sq.ft. The price drop is totally due to homes selling for less than $500,000. Homes above this value are posting a slight increase in value but the sample size is likely too small be statistically significant.
2. There are approximately 14% fewer homes on the market in December.
3. All houses are experiencing a significant increase in the days on the market before selling.

Trends from the previous month:

1. The overall market is about flat with last month, but days on market increased substantially. 40 out of the 196 homes on the active market have seen price reductions from their initial listing. Roughly 1.5% of the total homes in Grand Forks are for sale.
2. There are approximately 8% fewer homes on the market.
3. All houses are priced flat with last month, the price per square foot is roughly flat, the square footage per house is flat, and the days on the market has increased.
4. Houses less than $500,000 are priced about flat, the price per square foot is significantly higher, the square footage per house is flat to higher, and the days on the market has increased.
5. Houses equal to or more than $500,000 are priced higher, the price per square foot is flat, the square footage per house is flat to slightly higher, and the days on the market has stayed flat.

Trends from the previous month:

1. The overall market compared to last month is cooling.
2. There are fewer homes on the market.
3. All houses are priced lower, the price per square foot is lower, the square footage per house is higher, and the days on the market has increased.
4. Houses less than $500,000 are priced lower, the price per square foot is lower, the square footage per house is higher, and the days on the market has increased.
5. Houses equal to or more than $500,000 are priced higher, the price per square foot is higher, the square footage per house is lower, and the days on the market has increased.