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 33 , down 5.7 % from 35 days last month and down 2.9 % from 34 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .

60

50

40

30

20

10

Days On Market for Sold Properties

3 Mo Avg

40 34 33

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 2017 Selling Price per Square Foot of $ 151 was up 1.5 % from $ 149 last month and up 10.3 % from 137 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 2017 Selling Price vs Original List Price of 98.4 % was up from 97.9 % last month and up from 98.3 % in April of last year .

200 190 180 170 160 150 140 130 120 110 100

99 % 98 % 97 % 96 % 95 % 94 %

130

137

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

97.8 %

3 Mo Avg

151

98.3 % 98.4 %

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 2017 was 2,724 , down 11.2 % from 3,067 last month and up 3.5 % from 2,631 in April of last year .

6,000 5,000 4,000 3,000 2,000

4,559 4,606 4,724 4,786

4,378 3,959

3,520 2,895 2,929 2,878 2,838 3,072 3,262 3,499 3,777 3,835 3,815 3,737 3,533 2,995 3,042 3,067 3,175 3,231 3,303 3,606 3,756 3,687 3,932 3,923 3,737 3,254 3,498 3,652 4,008 4,233

1,000 0

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