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 73 , down 2.7 % from 75 days last month and down 12.0 % from 83 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 $ 78 was down 2.7 % from $ 80 last month and down 4.1 % from 81 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 96.0 % was up from 95.8 % last month and up from 94.2 % in November of last year .

100 90 80 70 60 50 40 30 20 10 0

100 95 90 85 80 75 70 65 60 55 50

98 % 97 % 96 % 95 % 94 %

D J 13 14

D J 13 14

Days On Market for Sold Properties

75

Selling Price per Square Foot

74

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

96.3 %

83

81

94.2 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

73

78

96.0 %

93 % 92 %

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 293 , down 17.2 % from 354 last month and down 1.0 % from 296 in November of last year .

91 %

1,600 1,400 1,200 1,000 800 600 400 200

0

D J 13 14

1,320

1,281

D J 13 14

1,299 1,331 1,348 1,317 1,363 1,299 1,290 1,258

Inventory / New Listings / Sales

1,295

1,290 1,212 1,215 1,234 1,232 1,239 1,217 1,292 1,299

1,331 1,292 1,304 1,292 1,252 1,276 1,319 1,277 1,289 1,291 1,287 1,242 1,214 1,204 1,141

1,072

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