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 46 , up 2.2 % from 45 days last month and down 19.3 % from 57 days in October of last year . The October 2016 DOM was at its lowest 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 $ 228 was down 3.7 % from $ 236 last month and up 3.0 % from 221 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 97.1 % was up from 96.9 % last month and up from 95.2 % in October of last year .

80 70 60 50 40 30 20 10 0

300 290 280 270 260 250 240 230 220 210 200

99 % 98 % 97 % 96 % 95 % 94 % 93 %

Days On Market for Sold Properties

55

227

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

95.8 %

57

221

95.2 %

3 Mo Avg

3 Mo Avg

46

228

97.1 %

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 970 , down 21.3 % from 1,233 last month and down 13.7 % from 1,124 in October of last year .

92 %

3,500 3,000 2,500 2,000 1,500 1,000

2,015 1,693 1,644 1,706

1,963

2,269 2,636 2,771 2,716 2,678 2,913 2,784

2,347 1,998 1,882 1,999

2,263

2,640 2,919 3,003 2,913

2,731 2,891 2,802

2,344 1,908 1,802 1,816

2,193 2,534 2,508 2,573 2,470 2,300 2,415

2,173

500 0

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