Real Estate Market Report October 2022: Orleans & Jefferson
Let's take a look... At the real estate market. Currently, there are 697 sales pending in the market overall, leaving 1824 listings still for sale. The resulting pending ratio is 27.6% (697 divided by 2,521). 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, a
