Home Pricing Trends

The average list to sale price ratio based on the home's price at the time the offer was made.

Here's an example:

1. If a home lists for $1,000,000, then
2. reduces its price to $500,000, then
3. goes under contract at $500,000, and
4. closes for $500,000

The average sale price of all the homes that closed in May.

This metric is calculated by adding up the total value of all homes sold in May, then dividing by the number of homes that were sold.

The average list to sale price ratio based on the home's original list price.

Here's an example:

1. If a home lists for $1,000,0000, then
2. Reduces it's price to $500,000, then
3. Goes under contract at $500,000, and
4. Closes for $500,000

This metric reveals how accurately Realtors® price their clients’ properties.