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 50 , down 10.7 % from 56 days last month and down 19.4 % from 62 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 142 was up 4.4 % from $ 136 last month and up 7.2 % from 132 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 2017 Selling Price vs Original List Price of 98.1 % was up from 97.8 % last month and down from 98.3 % in April of last year .

Days On Market for Sold Properties

90 80

69 70

62

60

50

50 40 30 20 10 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 14

15 16

17

Selling Price per Square Foot

3 Mo Avg

150 145 140 135 130 125 120 115 110 105 100

100 % 99 % 98 % 97 % 96 % 95 % 94 %

120

132

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

97.8 %

98.3 %

3 Mo Avg

3 Mo Avg

142

98.1 %

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 2017 was 944 , down 1.3 % from 956 last month and down 12.4 % from 1,078 in April of last year .

93 %

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

500 0

2,354 2,424 2,426 2,412 2,461 2,384 2,284 2,207 2,156 2,098 2,091 2,216 2,280 2,355 2,373 2,393 2,386 2,315 2,222

2,047 1,994 1,955 1,951 1,993 1,999 2,057 2,047 2,040 2,045 1,936 1,845

1,684 1,530 1,500 1,464 1,342 c o l d w e l l b a n k e r h o m e s . c o m | 31