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 72 , up 16.1 % from 62 days last month and down 10.0 % from 80 days in November of last year . The November 2017 DOM was at its lowest level compared with November 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 November 2017 Selling Price per Square Foot of $ 96 was down 1.7 % from $ 97 last month and up 9.3 % from 88 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 96 % 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 94 % of a Seller ' s market . The November 2017 Selling Price vs Original List Price of 93.9 % was down from 94.4 % last month and up

92 % from 92.9 % in November of last year .

90 %

160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

D J 14 15

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Days On Market for Sold Properties

109

Selling Price per Square Foot

83

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

90.6 %

80

88

92.9 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

72

96

93.9 %

88 % 86 %

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 2017 was 169 , down 7.7 % from 183 last month and up 25.2 % from 135 in November of last year .

84 %

1,200

1,000 800 600 400

D J 14 15

961 943

898 922 963 999 987 973 968 947

Inventory / New Listings / Sales

891 832 790 761 718 759 766 779 759 755 759 733 707 672 603 587 636 660 651 674 657 652 645 624 586 576

200

0 D J 14 15

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