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 43 , down 4.4 % from 45 days last month and down 23.2 % from 56 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 $ 97 was down 0.2 % from $ 97 last month and up 6.0 % from 92 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 96.4 % was down from 96.5 % last month and up from 96.0 % 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 377 , down 6.5 % from 403 last month and down 6.5 % from 403 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 % 91 % 90 % 89 % 88 %

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

Days On Market for Sold Properties

71

Selling Price per Square Foot

87

Selling Price versus Listing Price Ratio

94.6 %

1,260 1,222 1,175 1,115 1,101 1,132

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

1,176 1,193 1,222 1,192

Inventory / New Listings / Sales

1,160 1,121 1,084 1,019 996 906 917 903 956 960 969 926 964

56

92

96.0 %

959 981 939

871

748 733 683 720 769

3 Mo Avg

3 Mo Avg

3 Mo Avg

768 781 788

43

97

96.4 %

728

0

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