The following is a statistic that many real estate experts use an indicator of market status.
That is the ratio of total sales to total listings.
Its commonly help that a ratio of 18% to 22% indicates a balanced market. Below the orange line it is a buyer's market and above theorange line it is a seller's market.
The graph tells us that although the market has significantly improved over this time last year we are on the edge of a balanced market.
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