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 October was 47 , down 17.5 % from 57 days last month and down 45.3 % from 86 days in October of last year . The October 2017 DOM was at its lowest level compared with October 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 October 2017 Selling Price per Square Foot of $ 88 was up 6.5 % from $ 83 last month and up 11.2 % from 79 in October 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 October 2017 Selling Price vs Original List Price of 94.8 % was up from 94.6 % last month and up from 92.9 % in October of last year .

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 October 2017 was 138 , down 5.5 % from 146 last month and down 10.4 % from 154 in October of last year .

160 140 120 100 80 60 40 20 0

100 95 90 85 80 75 70 65 60 55 50

96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %

900 800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

102

Selling Price per Square Foot

81

Selling Price versus Listing Price Ratio

88.9 %

837 775 771 713 727 708 738

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

744 760 768

Inventory / New Listings / Sales

763 732

681

640 601 600 570 587 552 557 562 548 553

86

79

92.9 %

549

529 489 495 496 501 532 530 523

3 Mo Avg

3 Mo Avg

3 Mo Avg

509 542 550

47

88

94.8 %

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