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 49 , up 19.5 % from 41 days last month and down 2.0 % from 50 days in June of last year . The June 2017 DOM was at its lowest 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 $ 122 was up 2.2 % from $ 119 last month and up 5.4 % from 116 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 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 June 2017 Selling Price vs Original List Price of 97.5 % was down from 97.7 % last month and up from 97.4 % in June of last year .

90 80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

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

Days On Market for Sold Properties

73

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

50 49

106

Avg Selling Price divided by Avg Listing Price for sold properties during the month 97.4 % 97.5 %

95.9 %

116

3 Mo Avg

3 Mo Avg

3 Mo Avg

122

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 510 , down 3.6 % from 529 last month and down 9.4 % from 563 in June of last year .

92 %

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

0

1,421

1,419 1,328 1,265

1,183 1,086 1,084 1,096 1,149 1,216

Inventory / New Listings / Sales

1,236 1,230 1,258 1,198 1,168 1,123 1,057 939

949 941 979 1,024 1,062 1,119 1,138 1,071 1,043 979 916 804 792 806 863 875 921 928 c o l d w e l l b a n k e r h o m e s . c o m | 27