Community Information | School District

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 April was 149 , down 75.9 % from 618 days last month and up from 0 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .

700 600 500 400 300 200 100

Days On Market for Sold Properties

622

3 Mo Avg

149

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 April 2017 Selling Price per Square Foot of $ 481 was down 20.1 % from $ 602 last month and up from 0 in April 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 April 2017 Selling Price vs Original List Price of 89.5 % was down from 96.1 % last month and up from 0.0 % in April of last year .

750 700 650 600 550 500 450 400 350 300

120 % 100 % 80 % 60 %

317

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

71.2 %

3 Mo Avg

481

89.5 %

40 % 20 %

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 April 2017 was 4 , down 42.9 % from 7 last month and up 33.3 % from 3 in April of last year .

0 % 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 F M A 14

15 16

17

Inventory / New Listings / Sales

40 35 30 25 20 15 10 5 0 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 F M A 14

15 16

17

23 23 24

26

23

22 20 20 21

23

20 23 23 24 23 24

21 22

20 22 22 22 27 27 26 25

32 35

32 30 31

26 24 24 24 23

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