The Sales Ratio % column is the Sales-to-Active listings ratio reporting what the official market type is and what speed homes are selling. For example, a 100% Sales Ratio means 10 in 10 homes selling rate (Seller’s market); a 10% Sales Ratio means 1 in 10 homes selling rate (Buyer’s market) and a 19% Sales Ratio means 2 out of 10 homes selling rate (Balanced market.) See chart below.
The Sales Ratio % column is ideal for your listing presentations, buyer appointments, offer presentations, and Seller price reduction meetings to educate your clients on their specific current market conditions empowering them to make smarter decisions.
The guidelines for determining the official type of market for a specific city, community or home value (price band) is as follows (as per the Real Estate Board of Greater Vancouver for our Metro and Greater Vancouver report editions. Note: Fraser Valley report edition ratios vary slightly.)
|Official Market Type *||Metro Vancouver
|Sellers||21% plus||21% plus|
|Balanced||15 – 20%||12 – 20%|
|Buyers||0 – 14%||0 – 11%|
Example: 10% means 1 in 10 homes selling rate (Buyers market)
* According to the REBGY & FVREB