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 June was 112 , down 3.4 % from 116 days last month and down 13.8 % from 130 days in June of last year . The June 2017 DOM was at its lowest level compared with June 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 June 2017 Selling Price per Square Foot of $ 359 was down 3.5 % from $ 372 last month and down 7.1 % from 386 in June 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 June 2017 Selling Price vs Original List Price of 90.2 % was down from 90.5 % last month and up from 89.6 % in June of last year .

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 June 2017 was 97 , down 5.8 % from 103 last month and up 7.8 % from 90 in June of last year .

200 180 160 140 120 100 80 60 40 20 0

450 430 410 390 370 350 330 310 290 270 250

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %

900 800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

113

343

130

386

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

94.4 %

585 549 546 588 608 637 660 678 670 648 639 597 575 532 545 566

634

679 775 797 824 795

746

89.6 %

710 673 664 681 706 768 773 787 809

3 Mo Avg

3 Mo Avg

792 766

698

112

359

90.2 %

666

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