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 61 , down 29.1 % from 86 days last month and down 24.7 % from 81 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 $ 85 was up 6.8 % from $ 79 last month and up 6.6 % from 79 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 95.1 % was up from 92.9 % last month and up from 90.3 % in November of last year .

160 140 120 100 80 60 40 20 0

100 95 90 85 80 75 70 65 60 55 50

100 % 95 % 90 % 85 % 80 % 75 %

D J 13 14

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Days On Market for Sold Properties

119

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

87.4 %

81

79

90.3 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

61

85

95.1 %

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 141 , down 9.0 % from 155 last month and up 38.2 % from 102 in November of last year .

70 %

1,000 900 800 700 600 500 400 300 200 100

0

D J 13 14

Inventory / New Listings / Sales

819 793 793 792 789 823 865 888 874 845 866 837 775 771 713 727 709 739 745 761 769 764 733 682 641 601 600 570 585 552 558 561 546 546 535 506

D J 13 14

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