Market Time 100

The average Days On Market ( DOM ) shows how many days the

90 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 80 Buyer ' s market , a downward trend a move towards more of a 70 Seller ' s market . The DOM for November was 89 , down 1.1 % 60 from 90 days last month and up 8.5 % from 82 days in November

50 of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 .

40 30 20 10 0

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 $ 138 was down 5.0 % from $ 145 last month and down 0.7 % from 139 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 724 , down 2.4 % from 742 last month and up 8.1 % from 670 in November of last year .

150 145 140 135 130 125 120 115 110 105 100

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 95 % original list price . The lower the ratio is below 100 % the more of

95 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs 94 % Original List Price of 93.0 % was down from 93.1 % last month

94 % and down from 93.3 % in November of last year . 93 % 93 % 92 % 92 %

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

500

Days On Market for Sold Properties

79

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

136

Selling Price versus Listing Price Ratio

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

2,279

2,499

82

139 138

2,517 2,450 2,307

2,135

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

2,028 1,906 1,847 1,829 1,943

94.6 %

2,101 2,089

2,439 2,656 2,718 2,567 2,441 2,352 2,267 2,240 2,290 2,430

93.3 %

2,538 2,605

2,909 3,085 3,009 2,790 2,664 2,512 2,379

3 Mo Avg

3 Mo Avg

2,244 2,185

2,340

89

93.0 %

2,521

0 D J 14 15

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