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 82 , up 5.1 % from 78 days last month and up 15.5 % from 71 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 $ 222 was up 11.6 % from $ 199 last month and up 18.1 % from 188 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 93.4 % was up from 93.0 % last month and down from 94.0 % in October 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 October 2017 was 735 , up 67.4 % from 439 last month and up 4.0 % from 707 in October of last year .

90 80 70 60 50 40 30 20 10 0

250 240 230 220 210 200 190 180 170 160 150

96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 % 91 %

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

Days On Market for Sold Properties

66

500

174

Selling Price versus Listing Price Ratio

94.5 %

2,099

2,146 2,367 2,413 2,372

2,224

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

2,023 1,937 1,882 1,849 1,874 1,978 2,129 2,157

2,373 2,524 2,571 2,535 2,408 2,424 2,394 2,363 2,308

71

188

94.0 %

2,419 2,529 2,611 2,815 2,948 2,961 2,747 2,654 2,539

3 Mo Avg

3 Mo Avg

2,432 2,318 2,196

82

222

93.4 %

2,231

0

c o l d w e l l b a n k e r h o m e s . c o m | 63