Market Time 200

The average Days On Market ( DOM ) shows how many days the

180 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 160 Buyer ' s market , a downward trend a move towards more of a 140 Seller ' s market . The DOM for August was 76 , down 42.4 % from

120

132 days last month and down 6.2 % from 81 days in August of last year . The August 2017 DOM was at its lowest level compared 100 with August of 2016 and 2015 .

80 60 40 20 0

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 August 2017 Selling Price per Square Foot of $ 112 was up 11.3 % from $ 100 last month and up 7.1 % from 104 in August of last year .

150 140 130 120 110 100 90 80 70 60 50

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 100 % 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 95 % of a Seller ' s market . The August 2017 Selling Price vs Original List Price of 91.5 % was up from 89.1 % last month and down from

90 %

92.2 % in August of last year .

85 % 80 % 75 %

Days On Market for Sold Properties

181

91

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

84.2 %

81

104

92.2 %

3 Mo Avg

3 Mo Avg

76

112

91.5 %

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 August 2017 was 54 , down 16.9 % from 65 last month and down 34.1 % from 82 in August of last year .

70 %

450 400 350 300 250 200 150 100 50 0

360 352 348 340 336 329 338 349 360 375 390 376 370 337 339 314 303 298

318

324 343 339 335 346 347

323

299 274 261 263 264 270 286 280 289 282 c o l d w e l l b a n k e r h o m e s . c o m | 19