Covid-19 Condo Market stats
List to Sell Ratio – 2019 to Now
List to sale ratio represents how much of the list price the property actually sells for. In a down market, you will see the percentage be far off 100%.
In March properties were selling higher than their ask price. Right now, properties are selling for their ask price (and some properties are still getting multiple offers and selling higher). These numbers indicate that there is no “crash” in the market as sellers are still getting what they are asking for, they just aren’t getting over what they are asking.
On average properties sold 5% higher than their ask price in March