CAR ARCHIVED November 2017 | Page 62

Market Action Report November 2017 York County: York Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 50, up 28.2% from 39 days last month and down 13.8% from 58 days in November of last year. The November 2017 DOM was at its lowest level compared with November of 2016 and 2015. 3 Mo Avg 120 100 73 80 58 60 50 40 20 0 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 14 15 16 17 Selling Price per Square Foot 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 $110 was up 4.8% from $105 last mon