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 293 , up 24.7 % from 235 days last month and up from 0 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .

350 300 250 200 150 100 50

Days On Market for Sold Properties

3 Mo Avg

293

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 2016 Selling Price per Square Foot of $ 167 was up from $ 0 last month and up from 0 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 2016 Selling Price vs Original List Price of 86.0 % was down from 93.2 % last month and up from 0.0 % in April of last year .

900 800 700 600 500 400 300 200 100

120 % 100 % 80 % 60 %

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

3 Mo Avg

167

86.0 %

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 April 2016 was 9 , up 125.0 % from 4 last month and up 200.0 % from 3 in April of last year .

0 % 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 A S O N D J F M A 13

14 15

16

Inventory / New Listings / Sales

45 40 35 30 25 20 15 10 5 0 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 A S O N D J F M A 13

14 15

16

33 37

40 38

41

37

33

31

25 25

21

24 26 27 30 30 30 28 28

24

19

20 22 21 30 30

27 29 29 28

24 23 22 22 23

30 c o l d w e l l b a n k e r h o m e s . c o m | 21