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 62 , up 1.6 % from 61 days last month and up 10.7 % from 56 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 $ 128 was down 5.0 % from $ 135 last month and up 3.0 % from 124 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 94.8 % was up from 94.5 % last month and down from 95.2 % in October of last year .

90 80 70 60 50 40 30 20 10 0

150 145 140 135 130 125 120 115 110 105 100

97 % 96 % 95 % 94 % 93 % 92 %

Days On Market for Sold Properties

63

Selling Price per Square Foot

116

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

94.5 %

56

124

95.2 %

3 Mo Avg

3 Mo Avg

3 Mo Avg

62

128

94.8 %

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 624 , up 7.6 % from 580 last month and up 3.5 % from 603 in October of last year .

91 %

2,500

2,000

1,500

1,000

1,823 1,685 1,697 1,733 1,713 1,761 1,870 1,902 1,912 1,885

Inventory / New Listings / Sales

1,820 1,773 1,675 1,552 1,615 1,619 1,714 1,745 1,751 1,882 1,915 1,942 1,964 1,916 1,803 1,705 1,761 1,798 1,873 1,969 2,016 2,136 2,178 2,183

1,999 1,807

500

0

c o l d w e l l b a n k e r h o m e s . c o m | 15