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 June was 64 , up 4.9 % from 61 days last month and up 20.8 % from 53 days in June of last year . The June 2016 DOM was at a mid level compared with June 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 June 2016 Selling Price per Square Foot of $ 113 was down 2.2 % from $ 116 last month and down 4.1 % from 118 in June 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 June 2016 Selling Price vs Original List Price of 95.3 % was up from 95.1 % last month and down from 96.1 % in June 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 June 2016 was 1,538 , up 2.3 % from 1,504 last month and down 0.1 % from 1,540 in June of last year .

80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 %

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500

Days On Market for Sold Properties

47

0

Selling Price per Square Foot

111

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

96.5 % 96.1 %

2,893 3,148 3,144 2,963 2,810 2,647 2,459 2,505 2,501 2,649

Inventory / New Listings / Sales

2,778 2,877 2,957 2,865 2,782 2,768 2,753 2,628 2,666 2,876 3,018 3,213 3,304

53

118

3,501 3,789 3,754 3,792 3,790 3,698 3,486 3,498 3,597

3 Mo Avg

3 Mo Avg

3 Mo Avg

3,793 3,880 3,919

64

J

113

J

95.3 %

J

3,902 c o l d w e l l b a n k e r h o m e s . c o m | 25