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 April was 39 , down 30.4 % from 56 days last month and down 20.4 % from 49 days in April of last year . The April 2016 DOM was at its lowest level compared with April 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 April 2016 Selling Price per Square Foot of $ 95 was up 8.1 % from $ 88 last month and up 17.7 % from 81 in April 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 April 2016 Selling Price vs Original List Price of 97.6 % was up from 95.1 % last month and up from 96.1 % in April 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 April 2016 was 304 , up 19.7 % from 254 last month and up 26.1 % from 241 in April of last year .

Days On Market for Sold Properties

90

79 80 70 60

49 50

39

40 30 20 10 0 M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 13

14 15

16

Selling Price per Square Foot

3 Mo Avg

100 95 90 85 80 75 70 65 60 55 50

99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

800 700 600 500 400 300 200 100

0

73

Selling Price versus Listing Price Ratio

95.7 %

660 677 683 671 665 658 637

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

572 565 556 555 565 581 591 565 572

519 468

410 353 382 358 378

81

96.1 %

369 385 381 417 400 371

402

3 Mo Avg

3 Mo Avg

95

97.6 %

411 411 387 363 358

402

COLDWELLBANKERHOMES . COM | 25