According to the RE/MAX National Housing Report of January 2025, the close to list price ratio across 52 markets was 98%, the same as one month and one year ago. Here are the 5 markets that saw the lowest close to list price ratios, according to the data:
Miami, Florida
- Average Close-to-List Price Ratio: 92.8%
- Average Median Sales Price: $500,000
- Average Days on Market: 81
Tampa, Florida
- Average Close-to-List Price Ratio: 96.4%
- Average Median Sales Price: $355,000
- Average Days on Market: 71
New Orleans, Louisiana
- Average Close-to-List Price Ratio: 96.4%
- Average Median Sales Price: $282,150
- Average Days on Market: 74
Houston, Texas
- Average Close-to-List Price Ratio: 96.6%
- Average Median Sales Price: $325,000
- Average Days on Market: 59
Bozeman, Montana
- Average Close-to-List Price Ratio: 96.9%
- Average Median Sales Price: $749,950
- Average Days on Market: 87
What does the Close-to-List Price mean? This market statistic is a metric to evaluate home sale activities. The ratio is calculated by dividing the sell price by the list price. If the outcome is above 100%, the sell or closing price was more than what the home was listed for. And obviously, if the number is below 100%, the home sold for less than asking. There are other variables in why a home sells for less, your neighborhood will have these ratios also, I have them and would be happy to share them. If you are a seller you want to be at or above 100%, and if you are a buyer, you are looking to see what your money can buy, and what a “Good” offer looks like. If you want to learn more about your market and your housing conditions, give me a call.
