The formula to calculate the Sale To List Ratio is:
\[ \text{STL} = \frac{\text{PP}}{\text{LP}} \times 100 \]
Where:
The Sale To List Ratio is a measure of how closely the final purchase price of a property matches its original list price. It is expressed as a percentage and is used to gauge the competitiveness of the real estate market. A ratio above 100% indicates that properties are selling for more than their list price, while a ratio below 100% indicates that properties are selling for less than their list price.
Let's assume the following values:
Using the formula:
\[ \text{STL} = \frac{250,000}{240,000} \times 100 \approx 104.17\% \]
The Sale To List Ratio is approximately 104.17%.
Let's assume the following values:
Using the formula:
\[ \text{STL} = \frac{300,000}{320,000} \times 100 \approx 93.75\% \]
The Sale To List Ratio is approximately 93.75%.
