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 August was 49 , up 4.3 % from 47 days last month and down 15.5 % from 58 days in August of last year . The August 2017 DOM was at its lowest level compared with August 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 August 2017 Selling Price per Square Foot of $ 138 was down 4.0 % from $ 144 last month and down 0.6 % from 139 in August 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 August 2017 Selling Price vs Original List Price of 97.5 % was up from 97.0 % last month and up from 96.2 % in August 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 August 2017 was 495 , down 10.8 % from 555 last month and up 6.2 % from 466 in August of last year .

100 90 80 70 60 50 40 30 20 10 0

150 145 140 135 130 125 120 115 110 105 100

99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200

0

Days On Market for Sold Properties

59 58

123

Selling Price versus Listing Price Ratio

139 138

95.3 %

1,629 1,580

1,462

1,358 1,272 1,283

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

1,360

1,508 1,619 1,666 1,726 1,666 1,693 1,656

1,484

1,347 1,250 1,231 1,369 1,423 1,447 1,515 1,520

96.2 %

1,468 1,478

1,389

1,243 1,090 1,024 1,043

1,163

1,258

3 Mo Avg

3 Mo Avg

1,318 1,362 1,355

49

97.5 %

1,292 c o l d w e l l b a n k e r h o m e s . c o m | 21