One of our seller clients recently asked if data was available to compare the number of times a home was visited by a prospective buyer with number of contracts written. Here are the results based on data from our MLS system and Centralized Showing Service.
Now....we have the challenge of interpretation! Were the buyers of homes in the $1 million+ and $500 - $600,000 price ranges more serious OR were the inventory levels higher in these price ranges relative to the number of buyers? This is a chart that should probably be displayed as year-to-date averages rather than a single month. What do you think?
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