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 58 , up 13.7 % from 51 days last month and down 13.4 % from 67 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 $ 137 was down 0.4 % from $ 138 last month and up 6.2 % from 129 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 94.5 % was down from 95.4 % last month and up from 94.3 % 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 172 , down 4.4 % from 180 last month and down 11.3 % from 194 in October of last year .

100 90 80 70 60 50 40 30 20 10 0

150 145 140 135 130 125 120 115 110 105 100

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

700 600 500 400

Days On Market for Sold Properties

68 67

119

129

Selling Price versus Listing Price Ratio

93.1 %

594 599 620 610 597 605 603

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

611 599 615 596 632 622 591 573 563 576 565 564 561 557 516 500

94.3 %

516 494 473 504 520 544 541 530 529

3 Mo Avg

3 Mo Avg

540 555 535

58

137

94.5 %

558

300 200 100

0

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