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 73 , down 14.1 % from 85 days last month and equal to 73 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .

140 120 100 80 60 40 20

Days On Market for Sold Properties

3 Mo Avg

96

73 73

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 2016 Selling Price per Square Foot of $ 364 was down 0.4 % from $ 366 last month and up 8.1 % from 337 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 2016 Selling Price vs Original List Price of 92.0 % was up from 90.9 % last month and down 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 2016 was 176 , down 18.5 % from 216 last month and up 47.9 % from 119 in October of last year .

0

400 390 380 370 360 350 340 330 320 310 300

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

800 700 600 500 400 300 200 100

0

Selling Price per Square Foot

354

337

Selling Price versus Listing Price Ratio

92.2 %

380 327 332

369 408 418 435

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

461 443

408

92.9 %

Inventory / New Listings / Sales

401 374 355

272 300 325 355 382 412 407 379 386 399 413 394

304 354

464

530 573 596

634

3 Mo Avg

3 Mo Avg

616 584

669

364

92.0 %

726 c o l d w e l l b a n k e r h o m e s . c o m | 9