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 42 , down 17.6 % from 51 days last month and equal to 42 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .

70 60 50 40 30 20 10

Days On Market for Sold Properties

3 Mo Avg

42 42 39

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 2016 Selling Price per Square Foot of $ 202 was up 4.6 % from $ 193 last month and up 4.4 % from 194 in April of last year .

0

250 240 230 220 210 200 190 180 170 160 150

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 100 % original list price . The lower the ratio is below 100 % the more of

99 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The April 2016 Selling Price vs Original List 98 % Price of 98.1 % was up from 97.5 % last month and up from 97.9 % in April of last year . 97 % 96 % 95 % 94 %

Selling Price per Square Foot

179

194

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

98.6 % 97.9 %

3 Mo Avg

3 Mo Avg

202

98.1 %

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 2016 was 2,247 , up 1.2 % from 2,221 last month and down 0.9 % from 2,267 in April of last year .

93 %

5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

3,440 3,578 3,718 3,781 3,632

3,423

3,098 2,570 2,536 2,649

Inventory / New Listings / Sales

2,800 2,977

3,451

3,708 3,987 4,038 3,839 3,776

3,435

2,948 2,994 3,032 3,221

3,546 3,770 3,925 4,291 4,205 4,003 3,915

3,509 3,027 3,008 3,124 3,452 3,556 c o l d w e l l b a n k e r h o m e s . c o m | 11