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 July was 173 , up 5.5 % from 164 days last month and up 96.6 % from 88 days in July of last year . The July 2016 DOM was at a mid level compared with July 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 July 2016 Selling Price per Square Foot of $ 559 was up 25.4 % from $ 445 last month and up 23.1 % from 454 in July of last year .

450 400 350 300 250 200 150 100 50 0

600

550

500

450

Days On Market for Sold Properties

265

441

88

454

3 Mo Avg

173

559

400

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 July 2016 Selling Price vs Original List Price of 87.1 % was up from 86.9 % last month and down from 93.9 % in July of last year .

350

120 % 100 % 80 % 60 %

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

80.3 %

93.9 %

3 Mo Avg

87.1 %

40 % 20 %

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 July 2016 was 11 , equal to 11 last month and down 26.7 % from 15 in July of last year .

0 % 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 M J J 13

14 15

16

Inventory / New Listings / Sales

80 70 60 50 40 30 20 10 0 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 M J J 13

14 15

16

45 48 50 49 47

43 48 48 50 52 51 52 52 54 54 55 54 66 64 64

60

55 55

61

54

49 52

56

62

57 58 60 65 67 67

73

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