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 64 , down 47.1 % from 121 days last month and down 54.3 % from 140 days in November of last year . The November 2016 DOM was at its lowest level compared with November of 2015 and 2014 .

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 2016 Selling Price per Square Foot of $ 136 was down 29.8 % from $ 193 last month and down 7.9 % from 147 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 2016 Selling Price vs Original List Price of 94.3 % was up from 92.3 % last month and up from 92.4 % in November of last year .

200 180 160 140 120 100 80 60 40 20 0

190 170 150 130 110 90 70 50

100 % 95 % 90 % 85 %

D J 13 14

D J 13 14

Days On Market for Sold Properties

107

140

Selling Price per Square Foot

110

147

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

87.2 %

92.4 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

64

136

94.3 %

80 % 75 %

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 2016 was 33 , down 36.5 % from 52 last month and down 23.3 % from 43 in November of last year .

70 %

350 300 250 200

260

D J 13 14

261 263

283 297 306 318 326 313

297

Inventory / New Listings / Sales

268

254 228 231 240 246

265 291 301 304 303

283 267 271

238 237

263 282 284 293 304 316 303 289

254

232

150 100 50 0 D J 13 14

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