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 144 , down 16.8 % from 173 days last month and up 73.5 % from 83 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 $ 325 was down 3.7 % from $ 338 last month and up 14.4 % from 284 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 84.7 % was down from 89.4 % last month and down from 89.1 % in October of last year .

200 180 160 140 120 100 80 60 40 20 0

390 370 350 330 310 290 270 250

100 %

95 %

90 %

85 %

Days On Market for Sold Properties

148

357

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

87.8 %

83

284

89.1 %

3 Mo Avg

3 Mo Avg

144

325

84.7 %

80 %

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 40 , up 263.6 % from 11 last month and up 25.0 % from 32 in October of last year .

75 %

250

200

150

200 179 170 177 175 165 175 175 161 165 164 169 159 155

180 200 205 211 222 222

209 198 202 198 189 173 181

192

211 232 227 226 235

217 203

218

100

50

0

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