I was reading through a real estate appraiser's report and came across this line:

...it appears that marketing times are averaging three to six months with a sales to list price ratio typically above 90%.

What is a sales to list price ratio? Why is it important? Can someone give me an example?

asked Feb 05 at 04:25

nessili24's gravatar image

nessili24
55017


One Answer:

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.

answered Feb 06 at 00:28

Dr%20Dean%201's gravatar image

Dr Dean 1
157417

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