What is the above?
The average percent of the original price of a house, often referred to as the "average price-to-original-price ratio," is a key indicator in the real estate market. This ratio represents the difference between the initial listing price of a property and the final selling price.
It's a crucial metric for both buyers and sellers as it provides insights into market conditions.
In a strong seller's market, the ratio tends to be higher, indicating that homes are selling closer to or even above their original listing prices.
In contrast, a lower ratio may suggest a buyer's market, where properties are selling at a discount.
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