List to Sell Price Ratio - One of Our 1st Indicators of a Changing Real Estate Market

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This number tells us how much sellers are willing to negotiate at the bargaining table.

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It's fairly intuitive, if the seller is feeling strong, they won't take a low offer, and if the seller is feeling a little weak in the knees, they will.

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Click on the chart below to open the graph in a new window where you can mouse over each month for the exact data point.

We can see that from September to October; the average list to sale price ratio ticked up very slightly. This would reflect homes that closed during those months, so we need to understand that the sellers become more bullish during September as that is when the offer would have been negotiated.

You may notice that the same period a year ago didn't have the same uptick. And that as the winter months settled in, sellers were willing to make a deal at the table.

We can also see that famous springtime uptick where sellers were getting more than the list price, by over 2% in both King and Snohomish County.

I will watch these numbers closely as the months progress to determine if sellers are willing to deal at the table. This is my secret to understanding if our market is changing or staying the same.

If you'd like to see this information for your City for a more granular look, please let me know.

I'd love to explore the market conditions with you over the phone or by video chat. Have a great day and please call or text me anytime. 425-984-8013

Rain City Real Estate13470 Martin Luther King Jr. Way S, Seattle WA 98178