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 April was 80 , down 23.1 % from 104 days last month and down 40.3 % from 134 days in April of last year . The April 2018 DOM was at its lowest level compared with April of 2017 and 2016 .

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 April 2018 Selling Price per Square Foot of $ 411 was up 9.3 % from $ 376 last month and down 0.3 % from 412 in April of last year .

200 180 160 140 120 100 80 60 40 20 0

600 550 500 450 400 350

Days On Market for Sold Properties

94

134

3 Mo Avg

408 412 411

80

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 April 2018 Selling Price vs Original List Price of 93.3 % was down from 94.8 % last month and down from 93.9 % in April 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 April 2018 was 62 , down 26.2 % from 84 last month and up 29.2 % from 48 in April of last year .

300

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %

400 350 300 250 200 150 100 50 0

Selling Price versus Listing Price Ratio

93.1 %

272 256 247 231 216

246 269

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

278

293 326 332 317 306 284 272 264 264 276 300 304 344 346 335

93.9 %

310

314 287 276 252 247

270 300 313

3 Mo Avg

343

93.3 %

364 367 370

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 J J A S O N D J F M A 84 | c o l d w e l l b a n k e r h o m e s . c o m