When buying or selling a home, one crucial metric to consider is the sale-to-list price ratio. This ratio represents the percentage of a home’s final sale price compared to its original listing price. A higher ratio indicates a stronger seller’s market, while a lower ratio suggests more room for negotiation for buyers.
Calgary’s Sale-to-List Price Ratio: A Market Overview
Over the past several months, Calgary’s real estate market has seen fluctuations in the sale-to-list price ratio, reflecting seasonal changes and shifting market conditions. Below is a breakdown of recent trends:
Visualizing the Market Trend
What This Means for You
For Buyers:
With the sale-to-list price ratio trending downward, buyers may have more room to negotiate.
Sellers are increasingly open to offers below the asking price, making it an excellent time to explore your options.
For Sellers:
Competitive pricing is essential to attract serious buyers in this shifting market.
Offering added incentives, such as flexible closing dates or home upgrades, can make your property stand out and secure a strong offer.
Have Questions?
If you’re curious about how this trend might impact your buying or selling decisions, Nika and I’d be happy to provide personalized insights. Please reach out, and we can discuss your unique situation.
Looking forward to helping you navigate Calgary’s evolving real estate market!
