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 49 , down 5.8 % from 52 days last month and down 5.8 % from 52 days in November of last year . The November 2017 DOM was at its lowest 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 $ 134 was down 0.0 % from $ 134 last month and up 8.9 % from 123 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 1,199 , down 3.2 % from 1,238 last month and down 2.8 % from 1,234 in November of last year .

80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

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 97 % original list price . The lower the ratio is below 100 % the more of

96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs 95 % Original List Price of 95.2 % was equal to 95.2 % last month and

94 % up from 94.6 % in November of last year . 93 % 92 % 91 % 90 %

4,000 3,500 3,000 2,500 2,000 1,500 1,000

500

Days On Market for Sold Properties

54

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

0

D J 14 15

112

Selling Price versus Listing Price Ratio

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

3,547

3,642

D J 14 15

3,563 3,376 3,342 3,271

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

3,215 3,164 3,022 3,010 3,124

52

123

94.5 % 94.6 %

3,173

3,177 3,358 3,313 3,218 3,136 3,058 3,181 3,064 2,928 2,871 2,885 2,988 2,946 2,955 2,913 2,893 2,934 2,966 3,042 3,142

3 Mo Avg

3 Mo Avg

3,131 3,033 2,931

49

134

95.2 %

2,878

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