The sale-to-list ratio helps gauge market strength: Above 1.0 indicates homes sold for more than listed prices, favoring sellers; below 1.0 favors buyers.
Rochester, NY leads with a sale-to-list ratio of 1.14, suggesting sellers have more power, while Cape Coral-Fort Myers, FL, at 0.95, indicates weaker market conditions.
Markets in the Midwest and Northeast are performing better than those in the Southeast and Southwest, where buyer strength is emerging due to lower sale-to-list ratios.
Analyzing sale-to-list ratios across 200 largest metro markets reveals which regions present the most favorable conditions for buyers or sellers.
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