I've noticed that many consumers are searching for an explanation of "list to sell ratio." So, I thought I'd try to give a simple explanation. In our area, our multiple listing service compiles data on a continuing basis and is able to spit out this information quickly. The list to sell ratio is found by comparing the actual closed price with the listing price. Now, there is a problem here as some of you may have guessed. Here's an example: Property lists for $500,000 originally. But, it is reduced to $450,000 over a period of eight months. It finally sells for $400,000. So, what would you guess the list to sell ratio will show? In this case it would be 88%. This is based on the last price. But if we know the original listing price we can come out with a truer picture. However, I think ...
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