There are 3 Real Estate markets classifications: Buyer’s Market, Balanced Market, & Seller’s Market.
Each market is determined by the Sales to Active Listings Ratio. This ratio compares how many homes have sold vs how many active listings are in the market.
A balanced market is when supply meets the demand. This means that there is enough demand from buyers to equal the supply of homes from the sellers.
For there to be a balanced market, the Sales to Active Listings ratio must fall between 12-20%.
A buyer’s market is when the ratio falls below 12%. This means there are more homes for sale than active buyers in the market.
A seller’s market is when the ratio is above 20%. This means there are more active buyers than homes in the market.
This ratio is a great tool that gives a snapshot of what is happening in the Real Estate market.
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