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 65 , down 16.7 % from 78 days last month and down 17.7 % from 79 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 $ 80 was up 2.1 % from $ 78 last month and up 6.7 % from 75 in April of last year .

100 90 80 70 60 50 40 30 20 10 0

100 95 90 85 80 75 70 65 60 55 50

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 99 % original list price . The lower the ratio is below 100 % the more of

98 % 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 97 % Price of 98.1 % was up from 97.2 % last month and up from 96.6 % in April of last year . 96 % 95 % 94 % 93 %

Days On Market for Sold Properties

79 79

Selling Price per Square Foot

74

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

96.3 %

75

96.6 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

65

80

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 2017 was 459 , down 2.8 % from 472 last month and up 12.0 % from 410 in April of last year .

92 %

1,600 1,400 1,200 1,000 800 600 400 200

0

1,319 1,365 1,301 1,292 1,260 1,297 1,292 1,214 1,217 1,236

Inventory / New Listings / Sales

1,234 1,241 1,219 1,294 1,301 1,333 1,294 1,306 1,294

1,254 1,278 1,320 1,278 1,288 1,289 1,287 1,248 1,225 1,220 1,165 1,122 1,021 1,038 1,070 1,085 1,042

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