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 May was 0 , down 100.0 % from 51 days last month and down 100.0 % from 338 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .

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1,000

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Days On Market for Sold Properties

338

3 Mo Avg

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 May 2018 Selling Price per Square Foot of $ 0 was down 100.0 % from $ 381 last month and down 100.0 % from 366 in May 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 May 2018 Selling Price vs Original List Price of 0.0 % was down from 85.1 % last month and down from 87.9 % in May of last year .

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Selling Price per Square Foot

3 Mo Avg

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120 % 100 % 80 % 60 %

366

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

87.9 %

3 Mo Avg

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 May 2018 was 3 , up 200.0 % from 1 last month and down 25.0 % from 4 in May of last year .

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