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 36 , up 2.9 % from 35 days last month and equal to 36 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .

60

50

40

30

20

10

Days On Market for Sold Properties

3 Mo Avg

42 36 36

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 $ 126 was down 0.7 % from $ 127 last month and up 8.2 % from 117 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 97.1 % was down from 97.6 % last month and up from 97.0 % in October of last year .

0

150 140 130 120 110 100 90 80 70 60 50

101 % 100 % 99 % 98 % 97 % 96 % 95 %

108

117

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

3 Mo Avg

96.9 % 97.0 % 97.1 %

126

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 1,392 , down 7.9 % from 1,512 last month and down 0.4 % from 1,398 in October of last year .

94 %

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

500 0

2,087 1,834 1,907 1,890 1,935

2,097 2,344 2,382 2,424

2,599 2,271

2,073

1,792 1,484 1,473 1,468 1,543

1,735 1,900

1,951 2,347 2,360 2,195 2,101

1,811 1,586 1,635 1,738

1,921 2,137 2,164

2,453 2,750 2,692 2,736 2,874 c o l d w e l l b a n k e r h o m e s . c o m | 11