Sales/Actives ratio of Detached Home in Richmond
The Sales-to-Active listings ratio is indicative of the likely market type and speed of which homes are selling.
For example,
- a 100% Sales Ratio means 10 in 10 homes selling rate (Market Type Indicator: Seller’s market);
- a 10% Sales Ratio means 1 in 10 homes selling rate (Market Type Indicator: Buyer’s market)
- a 19% Sales Ratio means 2 out of 10 homes selling rate (Market Type Indicator: Balanced market.)
- See the chart above. Our monthly YTD reports provided sustained and defined periods of the Sales-to -Active Ratio.
Total Inventory of Detached House in Richmond