As evidenced by the following graphs and stats, the gap between available inventory and sales has been closing. In 2009, only 35% of condo listings were sold compared to 72% today. Likewise, the ratio of sales-to-listings for single family has vastly improved. In 2009, only 51% of listings were sold compared to 80% today.
Condo Data:
- 2012 ratio of sales to listings: 72%
- 2011 ratio of sales to listings: 69%
- 2010 ratio of sales to listings: 57%
- 2009 ratio of sales to listings: 35%
Single Family Data:
- 2012 ratio of sales to listings: 80%
- 2011 ratio of sales to listings: 69%
- 2010 ratio of sales to listings: 63%
- 2009 ratio of sales to listings: 51%
06/27/2012
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