(202) 321 4677

Blog

Lessons for Real Estate

We all took a lot of math classes over the years. Anyone remember their algebra or calculus? Not me. I will say, the basics come in handy all the time, especially when we are doing a market orientation for buyers and sellers. The math is pretty simple. It goes like this:

Over the years we have found that whenever the percentage is 40% or higher, that is a good indicator we are in a sellers’ market. I’ve seen this ratio get as high as 60 – 70%. That typically means that multiple offers and bidding wars are on the way.  When the ratio is 30% or lower, that indicates that the market is softening and there is a good opportunity for buyers to negotiate.

Curious how the market is doing near you? No worries… we did the math for you

Ron’s take: Some of the ratios are weaker than I would have expected. It’s too early to tell if this is from a slower than usual August, a normal season fluctuation, or a new trend. The same thing happened last fall and the market rebounded quickly in 2023. 

What’s it like at your bus stop?

If you would like to monitor the real-time market strength in your Zip Code, you can sign up to get free monthly updates simply by following the links behind these QR codes

District of Columbia
Montgomery County

Related Articles

Sep 25, 2023

History: How the market changed in Real Estate

Read Post

Sep 12, 2023

I Could Write a Book. In Fact, I Have!

Read Post

Sep 04, 2023

Back to School

Read Post