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 June was 87 , down 14.7 % from 102 days last month and up 22.5 % from 71 days in June of last year . The June 2017 DOM was at a mid level compared with June 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 June 2017 Selling Price per Square Foot of $ 98 was up 3.5 % from $ 95 last month and up 9.6 % from 90 in June 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 98 % original list price . The lower the ratio is below 100 % the more of

96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The June 2017 Selling Price vs Original List 94 % Price of 96.0 % was up from 91.4 % last month and up from 93.8 % in June of last year . 92 %

200 180 160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

90 % 88 % 86 %

Days On Market for Sold Properties

115

Selling Price per Square Foot

83

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

92.8 %

71

90

93.8 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

87

98

96.0 %

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 June 2017 was 56 , down 39.8 % from 93 last month and down 9.7 % from 62 in June of last year .

84 %

500 450 400 350 300 250 200 150 100 50 0

434 431 439 450 432

382 357 347 348 349

Inventory / New Listings / Sales

343 369 367 369 373 350 334

308

305 297 314 315 310 301 304 302 273 286 245 234 240 235 242 229 242 234 c o l d w e l l b a n k e r h o m e s . c o m | 15