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 14.5 % from 55 days last month and down 14.5 % from 55 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 $ 109 was down 0.1 % from $ 109 last month and up 9.9 % from 99 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 95.7 % was down from 95.9 % last month and up from 94.5 % 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 236 , down 4.8 % from 248 last month and up 18.0 % from 200 in October of last year .

100 90 80 70 60 50 40 30 20 10 0

150 140 130 120 110 100 90 80 70 60 50

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

800 700 600 500 400 300 200 100

0

Days On Market for Sold Properties

88

Selling Price versus Listing Price Ratio

55

97 99

92.9 %

675 611 628 640 652 679 701

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

707 730

690 654

588

549

469 499 469 463 486 504 514 533 520 528

94.5 %

499 499 484 478 498 565 589 556

590

3 Mo Avg

3 Mo Avg

47

109

95.7 %

645 677 703 732

c o l d w e l l b a n k e r h o m e s . c o m | 29