Market Time 100

The average Days On Market ( DOM ) shows how many days the

90 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 80 Buyer ' s market , a downward trend a move towards more of a 70 Seller ' s market . The DOM for August was 68 , down 1.4 % from

60

69 days last month and down 26.9 % from 93 days in August of last year . The August 2017 DOM was at its lowest level compared 50 with August of 2016 and 2015 .

40 30 20 10 0

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 $ 185 was up 2.1 % from $ 181 last month and up 14.8 % from 161 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 94.9 % was down from 95.3 % last month and down from 95.5 % in August of last year .

200 190 180 170 160 150 140 130 120 110 100

96 % 96 % 95 % 95 % 94 % 94 % 93 %

Days On Market for Sold Properties

74

155

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

95.3 %

93

161

95.5 %

3 Mo Avg

3 Mo Avg

68

185

94.9 %

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 3,921 , up 6.2 % from 3,693 last month and down 1.1 % from 3,964 in August of last year .

93 %

18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000

0

15,655 15,994 15,979 15,458 15,992 16,097 15,776 15,335 14,854 14,605 14,476 14,217 14,027 14,292 14,117 13,940

15,008 16,206 16,641

16,670 16,272 15,638 15,160 14,490 13,573 12,870 12,988 12,693 13,357 13,397 13,172 12,793 12,533 12,218 11,773 11,172 c o l d w e l l b a n k e r h o m e s . c o m | 87