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A picture is worth 1000's words.

The data is taken from IMLS, graphs done by Hennessey Appraisals.

This shows average sales ratio vs DOM and counts them in "30 day cycles".

You can clearly see the 2005 - 2006 growth, were Sales Ratio improves over time, because agents/sellers increased the price as time passed.

Now in the 2008 - 2010 market, the Sales Ratio is dropping as the DOM increases.  In 2010, it shows offers over 120 days are below 88% sales ratio. (Single Family). Over 1 year DOM, 60% sales ratio.

Any questions? E-mail me.  Feedback is welcome.

The below chart shows the SALE RATIO vs SOLD PRICE.    The lower priced homes have lower sales ratio.

2010 is clearly an improvment over 2009.