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 120 , up 10.1 % from 109 days last month and up 12.1 % from 107 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 $ 369 was up 17.2 % from $ 315 last month and up 13.1 % from 326 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 93.0 % was down from 94.2 % last month and down from 93.6 % 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 80 , up 42.9 % from 56 last month and up 9.6 % from 73 in November of last year .

200 180 160 140 120 100 80 60 40 20 0

390 370 350 330 310 290 270 250

98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %

400 350 300 250 200 150 100 50 0

Days On Market for Sold Properties

82

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

322

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

292

313

D J

14 15

286 296 292 281 266

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

274 274 261 265

107

326

93.5 % 93.6 %

284

273 299 316 317 322 327 312 327 318 323 331 336 336 346 341 345 361 352 335

305

3 Mo Avg

3 Mo Avg

291 279 276

120

369

93.0 %

284

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