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 57 , down 1.7 % from 58 days last month and down 12.3 % from 65 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 150 was down 3.5 % from $ 155 last month and up 5.6 % from 142 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 94.6 % was up from 94.2 % last month and up from 94.0 % 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 2017 was 121 , down 4.0 % from 126 last month and up 4.3 % from 116 in April of last year .

100 90 80 70 60 50 40 30 20 10 0

200 190 180 170 160 150 140 130 120 110 100

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %

450 400 350 300 250 200 150 100 50 0

Days On Market for Sold Properties

62

127

Selling Price versus Listing Price Ratio

94.6 %

419

340 326 331 316 301

330

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

320

363 388 375 364 382

342 345

320 287 293 306 316 314 298 293

65

142

94.0 %

288

272 293 289 263 256 251 258 266

3 Mo Avg

3 Mo Avg

259 253 271

57

150

94.6 %

273

146 | c o l d w e l l b a n k e r h o m e s . c o m