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 315 , up 15.8 % from 272 days last month and up 57.5 % from 200 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .

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 92.0 % was up from 90.7 % last month and down from 93.8 % in April of last year .

400 350 300 250 200 150 100 50 0

140 % 120 % 100 % 80 % 60 %

Days On Market for Sold Properties

349

200

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

3 Mo Avg

3 Mo Avg

91.9 % 93.8 % 92.0 %

315

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 21 , down 38.2 % from 34 last month and down 22.2 % from 27 in April of last year .

250

200

150

100

181 177 173 170 163 159

147 127 134 143 148 163 165 168 170 168 173 171

158 141 142 147 157 164 164

179 191 187 189 192

180 162 163

173 199 198

50

0

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