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 December was 282 , down 15.6 % from 334 days last month and equal to 282 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 $ 484 was down 19.6 % from $ 603 last month and up 10.2 % from 440 in December of last year .

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700 650 600 550 500 450

Days On Market for Sold Properties

256

282 282

500

440

3 Mo Avg

484

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 86.6 % was up from 86.3 % last month and up from 86.5 % in December of last year .

400

120 % 100 % 80 % 60 %

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

89.7 %

3 Mo Avg

86.5 % 86.6 %

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 December 2017 was 29 , down 3.3 % from 30 last month and up 38.1 % from 21 in December of last year .

350 300 250 200 150

223 212 218 219 220 203 197 190 192 190 218 222 250 262

288 264

248 230 223 223 225 232 250 248 249 257 248 240 220 208 211 216 213 203 204 201

100 50 0

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