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 57 , up 3.6 % from 55 days last month and down 10.9 % from 64 days in May of last year . The May 2017 DOM was at its lowest level compared with May 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 May 2017 Selling Price per Square Foot of $ 105 was up 1.4 % from $ 103 last month and up 13.5 % from 92 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 2017 Selling Price vs Original List Price of 95.3 % was down from 95.7 % last month and up from 94.8 % in May 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 May 2017 was 1,280 , up 10.0 % from 1,164 last month and up 12.1 % from 1,142 in May of last year .

Days On Market for Sold Properties

150 140 130 120 110 100 90 80 70 60 50

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %

84

4,130 4,055 3,972

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

92.9 %

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 M 14

15 16

17

Inventory / New Listings / Sales

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500

0 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 M 14

15 16

17

3,938 3,938 3,853 3,746 3,778 3,727 3,619 3,575 3,534 3,385 3,333 3,273 3,176 3,077 3,070 3,005 3,004 2,942 2,886 2,794 2,624 2,658 2,582 2,540 2,606 2,618 2,641 2,568 2,614 2,570 2,582 2,410 2,240

92

94.8 %

3 Mo Avg

3 Mo Avg

105

95.3 %

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