The overall listing success rate has just reached 84.1%. This is the highest reading since July 2005.
In the last 20 years there have only been 4 months with a higher listing success rate - between March 11, 2005 and July 10, 2005. Those were also months where almost half the closed transactions did not even hit the MLS.
Ten years ago in January 2008, the listing success rate reached an all-time low of 20.4%. Remember how bad that felt when 4 out 5 listings expired or were cancelled?
Sellers should enjoy the current conditions. They will not last forever.
