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 August was 73 , up 19.7 % from 61 days last month and down 1.4 % from 74 days in August of last year . The August 2016 DOM was at its lowest level compared with August of 2015 and 2014 .

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 August 2016 Selling Price per Square Foot of $ 76 was down 5.0 % from $ 80 last month and down 7.5 % from 82 in August 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 August 2016 Selling Price vs Original List Price of 95.2 % was down from 97.0 % last month and down from 95.8 % in August 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

98 % 97 % 96 % 95 % 94 % 93 % 92 %

Days On Market for Sold Properties

79

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

74 73

74

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

96.1 %

82

95.8 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

76

95.2 %

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 August 2016 was 424 , up 3.9 % from 408 last month and up 6.3 % from 399 in August of last year .

91 %

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

0

1,450 1,453 1,428 1,320 1,281 1,299 1,331 1,348 1,317 1,363

Inventory / New Listings / Sales

1,298 1,289 1,257 1,295 1,290 1,212 1,215 1,234 1,232

1,239

1,217 1,292 1,299 1,331 1,292 1,304 1,292 1,252 1,276 1,318 1,275 1,287 1,288 1,282 1,230 1,178

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