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 250 , down 20.6 % from 315 days last month and up 60.3 % from 156 days in May of last year . The May 2016 DOM was at a mid level compared with May 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 May 2016 Selling Price vs Original List Price of 91.6 % was down from 92.0 % last month and down from 93.5 % in May of last year .

400 350 300 250 200 150 100 50 0

140 % 120 % 100 % 80 % 60 %

Days On Market for Sold Properties

240

156

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

93.5 % 93.5 % 91.6 %

250

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 22 , equal to 22 last month and up 22.2 % from 18 in May of last year .

250

200

150

100

177 173 170 163 159

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

158 141 142 147 157 164 163

178 190 186 188 191

179 162 163

173 199 199 196

50

0

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