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 102 , down 64.3 % from 286 days last month and up 6.3 % from 96 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .

700 600 500 400 300 200 100

Days On Market for Sold Properties

3 Mo Avg

96 102

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 93.4 % was down from 93.5 % last month and up from 76.2 % in April of last year .

0

120 % 100 % 80 % 60 %

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

100.0 %

76.2 %

3 Mo Avg

93.4 %

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 4 , down 20.0 % from 5 last month and up 100.0 % from 2 in April of last year .

60 50 40 30 20

47 44

41 44 45 45

41

35 37 37 39

35

34 38 37

43 48 48

44 41 39 42 44

39 42

39 43 43 44 44

38

30 30

33 30

26

10 0

c o l d w e l l b a n k e r h o m e s . c o m | 41