100.1% – What’s A “Normal” Market?

In a “normal” market* homes tend to sell for about 96% of the listing price.

Meaning, that the buyer and seller will negotiate and end up settling on a price 4% below the list price.Sell Your Home With Ease

This statistic is an interesting way to measure if a market is a “buyers” market or “sellers” market.

So far this year in the Loveland market, the average sale to list price ratio is 100.1%! Because of low inventory levels, prices are commonly bid up to over list price pushing this ratio far above the “normal” level.

*One thing I’ve learned in my career, is there is no such thing as a “normal” market. However, there are long-term averages that any market tends to follow.

Posted on July 1, 2016 at 8:40 am
Fort Collins | Category: Blog, Fun Facts

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