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 96 , up 9.1 % from 88 days last month and down 34.7 % from 147 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 $ 95 was up 1.6 % from $ 93 last month and up 15.4 % from 82 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 98.2 % was up from 97.2 % last month and up from 92.4 % 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 140 , down 3.4 % from 145 last month and down 16.7 % from 168 in April of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

109

100 95 90 85 80 75 70 65 60 55 50

100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 %

78

147

Selling Price versus Listing Price Ratio

92.7 % 92.4 %

700 600 500 400 300 200 100

588 610 627 610 587 595 586

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

560 562 543 535 521 539 587 596 568 520 513 481 469 446 484 489

82

524 532 511 498 460 434 412 394 409

3 Mo Avg

3 Mo Avg

380 377 392

96

95

98.2 %

359

0

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