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 November was 137 , down 13.3 % from 158 days last month and up 26.9 % from 108 days in November of last year . The November 2017 DOM was at a mid level compared with November 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 November 2017 Selling Price per Square Foot of $ 234 was down 8.8 % from $ 257 last month and down 3.5 % from 243 in November 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 November 2017 Selling Price vs Original List Price of 88.1 % was down from 89.7 % last month and down from 90.1 % in November 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 November 2017 was 221 , down 8.3 % from 241 last month and down 10.9 % from 248 in November of last year .

180 160 140 120 100 80 60 40 20 0

300 290 280 270 260 250 240 230 220 210 200

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 % 84 %

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

0

Days On Market for Sold Properties

113

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 J J A S O N 14 15

16 17

Selling Price per Square Foot

3 Mo Avg

D J 14 15

256

Selling Price versus Listing Price Ratio

89.5 %

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 J J A S O N 14 15

16

17 Inventory / New Listings / Sales

1,193

1,233

D J

14 15

1,255 1,259 1,247 1,255

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

1,269 1,239 1,230 1,234 1,285 1,355 1,357 1,452 1,479 1,522 1,547 1,570 1,580 1,553 1,559 1,577 1,571

108

243

90.1 %

1,609

1,576 1,694 1,695 1,700 1,693 1,676 1,641 1,623

3 Mo Avg

3 Mo Avg

1,606 1,575 1,626

137

234

88.1 %

1,598 c o l d w e l l b a n k e r h o m e s . c o m | 103