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 38 , up 5.6 % from 36 days last month and down 25.5 % from 51 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .

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 $ 96 was down 0.5 % from $ 96 last month and up 8.9 % from 88 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 96.7 % was up from 96.4 % last month and up from 95.7 % 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 247 , up 16.0 % from 213 last month and up 11.3 % from 222 in October of last year .

90 80 70 60 50 40 30 20 10 0

100 95 90 85 80 75 70 65 60 55 50

99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

700 600 500 400 300 200 100

Days On Market for Sold Properties

54

74

Selling Price versus Listing Price Ratio

94.1 %

637

572 565 556 555 565 581

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

591 565 572

519 467

409 352 381 357 377 368 384 379 414 398

368

51

88

95.7 %

396 401 400 374 342 335 361 335 349

3 Mo Avg

3 Mo Avg

374 415 394

38

96

96.7 %

446

0

c o l d w e l l b a n k e r h o m e s . c o m | 25