There’s an easy way to tell if you’re in a buyer’s or seller’s market. Here it is.
Looking to Buy a Home? Search All Homes
Selling Your Home? Get a Home Value Report
How can you tell whether you’re in a buyer’s or seller’s market? It’s actually pretty simple.
It’s a data point or a metric called “sales ratio.” This is determined by taking the number of total sales divided by the number of active listings in a given month. For example, 100 active listings and 20 sales in a month will give you a 20% sales ratio.
Any sales ratio below 15% is a buyer’s market, anything between 15% and 21% is a balanced market, and anything above 21% is a seller’s market.
In my next post, I’ll tell you exactly what a buyer’s market is. If you have any questions in the meantime about what kind of market you’re in right now or anything else relating to real estate, give me a call or send me an email. I would be happy to help you.HOME All Listings Featured Listings Sold Listings Sell My Home Home Evaluation About Us Contact Us BLOG TOP REALTORS®