The sales ratio for single-family and attached homes in North America decreased between July 2023 and July 2024. The single-family homes market remained in favor of sellers, while for attached homes, the market was considered balanced according to the source. The sales ratio measures the ratio of sales to current inventory. A sales ratio of 20 percent means 20 percent of the inventory was sold.
Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024
Luxury properties are defined as properties priced above the respective city benchmark prices.
The source adds the following information: "sales ratio defines market speed and determines whether the market currently favors buyers or sellers. Buyer's market = up to 14%; balanced market = 15 to 20%; seller's market = 21% plus. If >100%, sales from previous month exceed current inventory."
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Institute for Luxury Home Marketing. (August 13, 2024). Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. "Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024." Chart. August 13, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. (2024). Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. "Sales Ratio of Luxury Single Family and Attached Homes in North America as of July 2023 and July 2024." Statista, Statista Inc., 13 Aug 2024, https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing, Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024 Statista, https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/ (last visited November 21, 2024)
Sales ratio of luxury single family and attached homes in North America as of July 2023 and July 2024 [Graph], Institute for Luxury Home Marketing, August 13, 2024. [Online]. Available: https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
