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Market Report: Sun Lakes AZ Homes For Sale - Listing Success Rate

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Real Estate Broker/Owner with Warm Weather Real Estate AZ BR558423000

Market Report: Sun Lakes AZ Homes For Sale - Listing Success Rate

Market Report - Sun Lakes Arizona Homes For Sale - Listing Success Rate

This chart indicates the Listing Success Rate, which is defined as the percentage of listings that closed with a sale rather than expiring or being canceled. It compares the number of listings sold this month with the number of listings that were sold, expired or canceled in the same period. This percentage gives a useful indication of what percentage of terminated listings closed successfully.

As you can see from the graph, the Listing Success Rate for Sun Lakes Homes For Sale rebounded in the last month.  This rebound is attributable to two factors - the number of homes offered is down, and the actual reduced time needed to sell the recently sold homes.

As the season changes, and the winter visitors return to Sun Lakes, the Listing Success Rate will increase.  This is an encouraging indicator for sellers of Sun Lakes Homes.

The only missing ingredient is the increase in price of Sun Lakes homes sold.  This will eventually happen as the inventory continues to decrease, with all other economic factors remaining the same.

If you would like to learn more about the Listing Success Rate, or learn about selling your Sun Lakes home, please contact me at your earliest convenience.  Any questions you might have about Sun Lakes Homes For Sale are welcome.