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 48 , up 2.1 % from 47 days last month and down 22.6 % from 62 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 $ 110 was down 0.9 % from $ 110 last month and up 5.9 % from 103 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 96.8 % was down from 97.5 % last month and down from 97.3 % in November 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

99 % 98 % 97 % 96 % 95 %

Days On Market for Sold Properties

63 62

D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 13 14

15 16

Selling Price per Square Foot

3 Mo Avg

D J 13 14

96

103

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

95.4 %

97.3 %

3 Mo Avg

3 Mo Avg

48

110

96.8 %

94 % 93 %

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 210 , down 13.9 % from 244 last month and down 9.5 % from 232 in November of last year .

92 %

1,200

1,000 800 600

D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 13 14

15

16 Inventory / New Listings / Sales

872 850 840 912 944 963 917 937 938 915 907 913 893 903 925 935 972 977 970 975 919 947 878 838 814 797 805 812 832 835 812 802 818 797 751

688

400 200

0 D J 13 14

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