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 87 , down 41.6 % from 149 days last month and down 9.4 % from 96 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 550 was down 6.5 % from $ 588 last month and up 2.4 % from 537 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 90.1 % was up from 89.2 % last month and down from 92.8 % in April of last year .

400 350 300 250 200 150 100 50

Days On Market for Sold Properties

161

750 700 650 600 550 500 450 400 350 300

120 % 100 % 80 % 60 %

488

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

90.1 %

96

537

92.8 %

3 Mo Avg

3 Mo Avg

87

550

90.1 %

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 16 , down 36.0 % from 25 last month and down 63.6 % from 44 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

200 180 160 140 120 100 80 60 40 20 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

148

133 123 120 131 139 140 138

154 143 142 136

124 114 112 108 114 130 131 131 167 171 166 175 169

157 144 140 142

153 144 146

155 146 143

133

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