Real Estate Market Report: Orleans & Jefferson
Let's take a look... At the real estate market. Currently there are 1167 sales pending in the market overall, leaving 1268 listings still for sale. The resulting pending ratio is 47.9% (1,167 divided by 2,435). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked! The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively,
