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 3 , down 95.5 % from 66 days last month and down 85.0 % from 20 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 147 was down 8.7 % from $ 162 last month and down 5.5 % from 156 in April 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 April 2017 Selling Price vs Original List Price of 99.0 % was up from 97.8 % last month and down from 100.5 % in April of last year .

Days On Market for Sold Properties

200 190 180 170 160 150 140 130 120 110 100

102 % 100 % 98 % 96 % 94 % 92 % 90 %

150

156

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

98.0 %

100.5 %

3 Mo Avg

3 Mo Avg

147

99.0 %

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 2017 was 15 , down 6.3 % from 16 last month and down 16.7 % from 18 in April of last year .

88 % 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 14

15 16

17

Inventory / New Listings / Sales

50 45 40 35 30 25 20 15 10 5 0 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 14

15 16

17

34

27 36 36 36

29

25 23

20 23 24 23

36

44

38 38 36

32

29

24 26

22 26 25

20 25

30

33

24 24 26

19

12 15 16

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