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 November was 442 , up 100.0 % from 221 days last month and up 522.5 % from 71 days in November of last year . The November 2016 DOM was at a mid level compared with November 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 November 2016 Selling Price per Square Foot of $ 248 was up 3.8 % from $ 239 last month and down 30.3 % from 355 in November of last year .

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Days On Market for Sold Properties

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Selling Price per Square Foot

3 Mo Avg

71

355

3 Mo Avg

442

248

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 November 2016 Selling Price vs Original List Price of 80.9 % was down from 86.9 % last month and down from 92.7 % in November of last year .

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

92.7 %

3 Mo Avg

80.9 %

40 % 20 %

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 November 2016 was 4 , up 100.0 % from 2 last month and up 300.0 % from 1 in November of last year .

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0 % D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 13 14

15

16 Inventory / New Listings / Sales

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