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 October was 58 , up 3.6 % from 56 days last month and up 5.5 % from 55 days in October of last year . The October 2017 DOM was at a mid level compared with October 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 October 2017 Selling Price per Square Foot of $ 101 was down 2.0 % from $ 104 last month and up 11.6 % from 91 in October 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 October 2017 Selling Price vs Original List Price of 94.4 % was down from 94.8 % last month and down from 96.1 % in October of last year .

100 90 80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

98 % 96 % 94 % 92 % 90 % 88 %

Days On Market for Sold Properties

76

78

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

91.5 %

55

91

96.1 %

3 Mo Avg

3 Mo Avg

58

101

94.4 %

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 October 2017 was 281 , up 61.5 % from 174 last month and up 4.9 % from 268 in October of last year .

86 %

1,200

1,000 800 600 400

1,014 1,004 1,013 1,009 961 937 931 896 884 875 849 823 826 797 769 765 735 690 654 637 601 604 614 649 674 640 653 640 637 603 606 623 621 583 560 552

200 0

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