The sales ratio for both single family and attached homes in North America decreased between November 2021 and November 2022. 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 21.89 percent means that in November 2022, 21.89 percent of the inventory was sold.
Sales ratio of luxury single family and attached homes in North America as of November 2021 and November 2022
Characteristic
Single family homes
Attached homes
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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. (December 14, 2022). Sales ratio of luxury single family and attached homes in North America as of November 2021 and November 2022 [Graph]. In Statista. Retrieved August 24, 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 November 2021 and November 2022." Chart. December 14, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. (2022). Sales ratio of luxury single family and attached homes in North America as of November 2021 and November 2022. Statista. Statista Inc.. Accessed: August 24, 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 November 2021 and November 2022." Statista, Statista Inc., 14 Dec 2022, 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 November 2021 and November 2022 Statista, https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/ (last visited August 24, 2024)
Sales ratio of luxury single family and attached homes in North America as of November 2021 and November 2022 [Graph], Institute for Luxury Home Marketing, December 14, 2022. [Online]. Available: https://www.statista.com/statistics/1235004/sales-ratio-of-luxury-homes-north-america-by-property-type/