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 October was 98 , down 5.8 % from

120

104 days last month and down 21.0 % from 124 days in October of last year . The October 2016 DOM was at its lowest level

100 compared with October of 2015 and 2014 .

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 October 2016 Selling Price per Square Foot of $ 165 was up 0.3 % from $ 164 last month and up 2.9 % from 160 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 94.8 % was up from 91.5 % last month and up from 89.7 % in October of last year .

200 190 180 170 160 150 140 130 120 110 100

100 % 95 % 90 % 85 % 80 % 75 %

Days On Market for Sold Properties

157

145

124

160

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

92.1 % 89.7 %

3 Mo Avg

3 Mo Avg

98

165

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 2016 was 89 , up 9.9 % from 81 last month and up 1.1 % from 88 in October of last year .

70 %

700 600 500 400 300

531 474 466 478

519

571 609 608 629 625 629 607

571 518 516 519

570 614 638 602 616 617 611

567

511 463 453 446 484 495 494 500 494 491 466

430

200 100

0

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