Time to learn some real estate terms. ????
Let's talk about "List To Sales Price Ratio"
The list to sales price ratio is a way to measure how much a house sells for compared to how much it was originally listed for. Let's say a house was listed for $560,000, but it sells for only $525,000. The list to sales price ratio would be 93.75%, because the house sold for 93.75% of its original asking price.
This ratio is important because it indicates if a house was priced properly, and be evidence of an increasing or decreasing market. If houses are selling for close to their original asking price, that means the market is stable or possibly increasing. If houses are selling at a discount to the list price, that is a sign of a declining market, unrealistic seller or inexperienced salesperson.
The list to sales price ratio is one of many ways to understand the market and pricing.
#RealEstate #RealEstateAgent #RealEstateInvesting #RealEstateSales
Let's talk about "List To Sales Price Ratio"
The list to sales price ratio is a way to measure how much a house sells for compared to how much it was originally listed for. Let's say a house was listed for $560,000, but it sells for only $525,000. The list to sales price ratio would be 93.75%, because the house sold for 93.75% of its original asking price.
This ratio is important because it indicates if a house was priced properly, and be evidence of an increasing or decreasing market. If houses are selling for close to their original asking price, that means the market is stable or possibly increasing. If houses are selling at a discount to the list price, that is a sign of a declining market, unrealistic seller or inexperienced salesperson.
The list to sales price ratio is one of many ways to understand the market and pricing.
#RealEstate #RealEstateAgent #RealEstateInvesting #RealEstateSales
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