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 105 , up 20.7 % from 87 days last month and up 28.0 % from 82 days in October of last year . The October 2017 DOM was at a mid level compared with October of 2016 and 2015 .

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 2017 Selling Price per Square Foot of $ 389 was down 0.2 % from $ 389 last month and down 5.4 % from 411 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 2017 Selling Price vs Original List Price of 90.2 % was down from 92.6 % last month and down from 92.0 % 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 2017 was 109 , up 45.3 % from 75 last month and down 7.6 % from 118 in October of last year .

160 140 120 100 80 60 40 20 0

440 420 400 380 360 340 320 300

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 %

700 600 500 400 300 200 100

0

N D 14

N D 14

Days On Market for Sold Properties

77

Selling Price per Square Foot

363

Selling Price versus Listing Price Ratio

92.9 %

539

502 536 547 527 533 518

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

505 506 509 511 527 506 487

533 566 589 612 613 611 603 604 623

82

411

92.0 %

610 596 577 593 601 623 603 607 606

3 Mo Avg

3 Mo Avg

3 Mo Avg

599 591 569

105

389

90.2 %

585 c o l d w e l l b a n k e r h o m e s . c o m | 107