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 August was 45 , up 2.3 % from 44 days last month and down 16.7 % from 54 days in August of last year . The August 2016 DOM was at its lowest level compared with August 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 August 2016 Selling Price per Square Foot of $ 136 was down 1.7 % from $ 138 last month and up 6.8 % from 128 in August 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 August 2016 Selling Price vs Original List Price of 97.9 % was down from 99.7 % last month and up from 97.8 % in August 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 August 2016 was 935 , up 6.9 % from 875 last month and up 1.9 % from 918 in August of last year .

90 80 70 60 50 40 30 20 10 0

150 145 140 135 130 125 120 115 110 105 100

101 % 100 % 99 % 98 % 97 % 96 % 95 % 94 % 93 %

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

Days On Market for Sold Properties

61

500

121

Selling Price versus Listing Price Ratio

54

128

97.7 % 97.8 % 97.9 %

2,388 2,416 2,376 2,257 2,158 2,148

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

2,150 2,265 2,351 2,420 2,421 2,406 2,454 2,376 2,275 2,197 2,145 2,085 2,075 2,198 2,262 2,336 2,353 2,370 2,361 2,286 2,188 2,005 1,942 1,890 1,859 1,881

3 Mo Avg

3 Mo Avg

1,851 1,852 1,746

45

136

1,565

0

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