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 86 , down 10.4 % from 96 days last month and up 11.7 % from 77 days in May of last year . The May 2017 DOM was at a mid 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 $ 95 was up 0.5 % from $ 95 last month and up 15.8 % from 82 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 97.4 % was down from 98.2 % last month and up from 95.0 % 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 160 , up 14.3 % from 140 last month and equal to 160 in May of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

104

100 95 90 85 80 75 70 65 60 55 50

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

Selling Price versus Listing Price Ratio

77

83 82

93.8 %

700 600 500 400 300 200 100

610 627 610 587 595 586 560

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

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

524

95.0 %

532 511 498 460 434 412 394 408 379

3 Mo Avg

3 Mo Avg

377 395 371

86

95

97.4 %

366

0

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