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 May was 0 , down 100.0 % from 293 days last month and down 100.0 % from 31 days in May of last year . The May 2016 DOM was at a mid level compared with May of 2015 and 2014 .

350 300 250 200 150 100 50

Days On Market for Sold Properties

204

31

3 Mo Avg

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 May 2016 Selling Price per Square Foot of $ 0 was down 100.0 % from $ 167 last month and up from 0 in May 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 May 2016 Selling Price vs Original List Price of 0.0 % was down from 86.0 % last month and down from 98.2 % in May of last year .

900 800 700 600 500 400 300 200 100

120 % 100 % 80 % 60 %

527

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

83.6 %

98.2 %

3 Mo Avg

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 May 2016 was 6 , down 33.3 % from 9 last month and down 45.5 % from 11 in May of last year .

0 % 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 M 13

14 15

16

Inventory / New Listings / Sales

45 40 35 30 25 20 15 10 5 0 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 M 13

14 15

16

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 22

29 31 c o l d w e l l b a n k e r h o m e s . c o m | 21