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 211 , up 99.1 % from 106 days last month and up 63.6 % from 129 days in October of last year . The October 2016 DOM was at a mid 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 $ 273 was up 3.7 % from $ 263 last month and down 25.5 % from 366 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 83.5 % was down from 90.8 % last month and up from 82.7 % in October of last year .

400 350 300 250 200 150 100 50 0

400 380 360 340 320 300 280 260 240 220 200

120 % 100 % 80 % 60 % 40 % 20 %

Days On Market for Sold Properties

3

304

129

366

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

95.6 %

3 Mo Avg

3 Mo Avg

211

273

82.7 % 83.5 %

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 11 , up 83.3 % from 6 last month and up 10.0 % from 10 in October of last year .

0 %

60 50 40 30 20

24 26 26

32 35 35 37 34 36

32 29 31 31 32

35

40 44 46 44 48 48 47

43 40

49

10

12 13 14 15 17 18

0

8 8 8 7 8

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