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 66 , down 13.2 % from 76 days last month and down 7.0 % from 71 days in August of last year . The August 2017 DOM was at a mid level compared with August 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 August 2017 Selling Price per Square Foot of $ 146 was up 2.4 % from $ 143 last month and up 9.4 % from 134 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 2017 Selling Price vs Original List Price of 95.3 % was up from 94.0 % last month and up from 94.3 % 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 2017 was 508 , up 2.0 % from 498 last month and up 10.9 % from 458 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

97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

1,800 1,600 1,400 1,200 1,000

Days On Market for Sold Properties

62

800 600 400 200

126

0

Selling Price versus Listing Price Ratio

95.6 %

1,446 1,467 1,499 1,481 1,532 1,531

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

1,487

1,416 1,298 1,303 1,255 1,211 1,256 1,314 1,326 1,383

1,537 1,622 1,564 1,524 1,424 1,401 1,338

71

134

94.3 %

1,273

1,299 1,403 1,470 1,466 1,596 1,577 1,615 1,566

3 Mo Avg

3 Mo Avg

1,513 1,465 1,420

66

146

95.3 %

1,367 c o l d w e l l b a n k e r h o m e s . c o m | 51