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 86 , up 24.6 % from 69 days last month and equal to 86 days in November of last year . The November 2017 DOM was at its lowest level compared with November of 2016 and 2015 .

140 120 100 80 60 40 20

Days On Market for Sold Properties

3 Mo Avg

120

86 86

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 2017 Selling Price per Square Foot of $ 119 was down 4.8 % from $ 125 last month and up 9.0 % from 109 in November 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 November 2017 Selling Price vs Original List Price of 97.7 % was up from 97.0 % last month and up from 96.1 % in November 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 November 2017 was 404 , down 9.4 % from 446 last month and up 16.8 % from 346 in November of last year .

0

150 140 130 120 110 100 90 80 70 60 50

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

2,500

2,000

1,500

1,000

500

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 14 15

16 17

Selling Price per Square Foot

3 Mo Avg

D J 14 15

104

Selling Price versus Listing Price Ratio

94.9 %

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 14 15

16

17 Inventory / New Listings / Sales

2,144 2,256 2,207 2,271 2,240 2,254

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

2,230 2,120 2,036 1,971 1,953 1,878 1,841 1,837 1,842 1,817 1,795 1,797 1,794 1,679 1,626 1,588 1,551

109

96.1 %

1,506 1,475 1,460 1,474 1,461 1,436 1,500 1,435 1,443

3 Mo Avg

1,378 1,360 1,344

119

97.7 %

1,302

0 D J 14 15

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