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 109 , up 75.8 % from 62 days last month and up 62.7 % from 67 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 $ 106 was up 13.1 % from $ 94 last month and down 5.7 % from 113 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 90.6 % was down from 92.6 % last month and down from 92.4 % 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 18 , down 28.0 % from 25 last month and up 28.6 % from 14 in October of last year .

180 160 140 120 100 80 60 40 20 0

150 140 130 120 110 100 90 80 70 60 50

102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

160 140 120 100 80 60 40 20 0

Days On Market for Sold Properties

74

Selling Price per Square Foot

87

Selling Price versus Listing Price Ratio

91.4 %

137

121 113 110 100 103 108

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

97 103 98

Inventory / New Listings / Sales

96 88 85 85 86 87 95 99 92 97 94 97 96

67

113

92.4 %

76

66 61 62 57 60 61 62

73

3 Mo Avg

3 Mo Avg

3 Mo Avg

80

109

106

90.6 %

95 98 93

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