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 November was 48 , down 5.9 % from 51 days last month and down 26.2 % from 65 days in November of last year . The November 2017 DOM was at its lowest level compared with November 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 November 2017 Selling Price per Square Foot of $ 139 was down 0.5 % from $ 140 last month and up 3.0 % from 135 in November 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 November 2017 Selling Price vs Original List Price of 98.0 % was up from 97.5 % last month and up from 95.8 % in November 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 November 2017 was 339 , down 24.7 % from 450 last month and down 1.7 % from 345 in November 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

67 65

D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 14 15

16 17

Selling Price per Square Foot

3 Mo Avg

D J 14 15

132

Selling Price versus Listing Price Ratio

92.6 %

D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 14 15

16

17 Inventory / New Listings / Sales

1,358

1,272

D J

14 15

1,283 1,360

1,508 1,619

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

1,666 1,726 1,666 1,693 1,656

1,484

1,347 1,250 1,231 1,369 1,423 1,448 1,516 1,521 1,469 1,479

1,390

135

95.8 %

1,244 1,092 1,025 1,045

1,164 1,256 1,316

3 Mo Avg

3 Mo Avg

48

139

98.0 %

1,368 1,368 1,319 1,341 1,295

1,163

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