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 80 , down 7.0 % from 86 days last month and down 26.6 % from 109 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 $ 89 was up 2.4 % from $ 87 last month and up 3.0 % from 86 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 93.9 % was equal to 93.9 % last month and up from 92.4 % in August 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 August 2016 was 227 , up 18.8 % from 191 last month and up 15.2 % from 197 in August of last year .

160 140 120 100 80 60 40 20 0

100 95 90 85 80 75 70 65 60 55 50

96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

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

Days On Market for Sold Properties

119

109

Selling Price per Square Foot

80

Selling Price versus Listing Price Ratio

89.8 %

1,206 1,200 1,180 1,072 1,085 1,099

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

1,116 1,136 1,154 1,179

Inventory / New Listings / Sales

1,194 1,190 1,141 1,113 1,062 960 943 898 922 963 999 987 973

86

92.4 %

968 947 891 831 788 759 714 755 764

3 Mo Avg

3 Mo Avg

3 Mo Avg

775 753 746

80

89

93.9 %

807

0

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