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I was reading through a real estate appraiser's report and came across this line:
What is a sales to list price ratio? Why is it important? Can someone give me an example? |
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If you listed at $100,000 and the home sold for $90,000 that would be a 90% sales/list ratio. Basically gives you an idea of how strong the market it. Now of course, some people list for a price that is not reasonable, so the number has to be taken into context. Marketing times is average length before a home sells- 3 mos was average during the go-go days. I understand 6-even 9 months is not unusual in some places. |
