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 May was 57 , up 3.6 % from 55 days last month and down 12.3 % from 65 days in May of last year . The May 2017 DOM was at its lowest level compared with May 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 May 2017 Selling Price per Square Foot of $ 117 was up 2.4 % from $ 114 last month and up 7.9 % from 108 in May 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 May 2017 Selling Price vs Original List Price of 96.4 % was down from 96.5 % last month and equal to 96.4 % in May 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 May 2017 was 387 , up 27.7 % from 303 last month and up 36.7 % from 283 in May of last year .

100 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 % 92 % 91 % 90 %

900 800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

71

102

Selling Price versus Listing Price Ratio

95.6 %

707

730 690 654

588 549

469

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

499 469 463 486 504 514 533 520 528 499 500 485 478 498 565 585

65

108

57

117

96.4 % 96.4 %

550

580 631 648 668 646 661 621 618

3 Mo Avg

3 Mo Avg

634 691 698

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