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Sale-to-list ratio

Final sale price as a percentage of asking price — the most responsive read on negotiating power.

The sale-to-list ratio expresses the closing price as a percentage of the last list price. Above 100% means homes are typically selling over asking; below means sellers are conceding.

It is among the fastest indicators of a turning market, because it moves before median prices do — sellers accept less well before the composition of closed sales reflects it. Read it against the last list price, though: a home reduced twice before selling can still post a high ratio while having lost substantial value from its original ask.

Also known as: sale to list, sold to list ratio, over asking.

See sale-to-list ratio in the data

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Sale-to-list ratio — FAQ

What is sale-to-list ratio in housing market data?+

Final sale price as a percentage of asking price — the most responsive read on negotiating power. The sale-to-list ratio expresses the closing price as a percentage of the last list price. Above 100% means homes are typically selling over asking; below means sellers are conceding.

Why does sale-to-list ratio matter?+

It is among the fastest indicators of a turning market, because it moves before median prices do — sellers accept less well before the composition of closed sales reflects it. Read it against the last list price, though: a home reduced twice before selling can still post a high ratio while having lost substantial value from its original ask.

Where does this housing market data come from?+

Sales, listing and inventory figures come from Redfin's public housing-market dataset, which is compiled from multiple listing services. Coverage is limited to the metros and counties Redfin reports. pumsdata is independent and not affiliated with Redfin.

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