Real Estate Market Report June 2021: Orleans & Jefferson
Let's take a look... At the real estate market. Currently, there are 1310 sales pending in the market overall, leaving 943 listings still for sale. The resulting pending ratio is 58.1% (2,253 divided by 2,253). 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,
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