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 52 , down 60.9 % from 133 days last month and down 58.4 % from 125 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 $ 176 was up 10.2 % from $ 160 last month and down 3.0 % from 181 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 95.9 % was up from 94.7 % last month and up from 95.5 % in May of last year .

Days On Market for Sold Properties

240 220 200 180 160 140 120 100

120 % 100 % 80 % 60 %

161

181

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

3 Mo Avg

3 Mo Avg

96.4 % 95.5 % 95.9 %

176

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 2017 was 13 , down 35.0 % from 20 last month and down 56.7 % from 30 in May of last year .

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

Inventory / New Listings / Sales

160 140 120 100 80 60 40 20 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

81 81 86 86 87 84

57 67 69 75

85 98 93 109 111 124 119 109 112 133 138 138 138 149 148 143

126

112 106 101 96

86

81

63 63 61

188 | c o l d w e l l b a n k e r h o m e s . c o m