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 140 , up 14.8 % from 122 days last month and up 11.1 % from 126 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 $ 274 was down 0.1 % from $ 274 last month and down 3.7 % from 284 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 93.8 % was down from 94.6 % last month and up from 93.3 % 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 302 , down 11.4 % from 341 last month and down 10.7 % from 338 in November of last year .

200 180 160 140 120 100 80 60 40 20 0

340 320 300 280 260 240 220 200

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

2,500

2,000

1,500

Days On Market for Sold Properties

152

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

246

Selling Price versus Listing Price Ratio

93.8 %

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

2,191 2,211 2,224 2,236 2,223 2,194

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

2,149 2,187 2,161 2,163 2,102 2,051 1,996 1,994 2,033 2,081 2,101 2,159 2,157 2,120 2,119 2,107 2,104

126

284

93.3 %

2,094 2,012 1,950 1,955 2,020

3 Mo Avg

3 Mo Avg

140

274

93.8 %

2,021 2,021 1,967 1,929 1,881 1,841 1,761

1,652

1,000

500

0 D J 14 15

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