Market Time 100

The average Days On Market ( DOM ) shows how many days the

90 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 80 Buyer ' s market , a downward trend a move towards more of a 70 Seller ' s market . The DOM for October was 60 , up 5.3 % from 57

60 days last month and equal to 60 days in October of last year . The October 2017 DOM was at its lowest level compared with October 50 of 2016 and 2015 .

40 30 20 10 0

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 $ 199 was down 1.4 % from $ 202 last month and down 0.7 % from 200 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 95.8 % was equal to 95.8 % last month and down from 95.9 % in October of last year .

250 240 230 220 210 200 190 180 170 160 150

97 % 97 % 96 % 96 % 95 % 95 % 94 %

Days On Market for Sold Properties

73

Selling Price versus Listing Price Ratio

60 60

184

200 199

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

95.5 %

95.9 %

3 Mo Avg

3 Mo Avg

95.8 %

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 831 , up 35.1 % from 615 last month and up 46.3 % from 568 in October of last year .

94 %

3,000 2,500 2,000 1,500

2,515 2,352 2,412 2,373 2,448 2,411 2,436 2,496 2,547 2,486 2,536 2,431 2,351 2,186 2,164 2,233 2,283 2,322 2,368 2,414 2,408 2,419 2,457 2,381 2,280 2,086 2,092 2,131 2,272 2,336 2,351 2,376 2,369 2,341 2,283 2,219

1,000 500

0

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