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Understand what a contract ratio measures before using a market snapshot to make a decision.

The takeaway

A market chart needs a date, a definition and context.

01

What is a contract ratio?

A contract ratio compares homes under contract with homes available for sale. A contract ratio of 100 means equal counts in those two groups. Always read the data provider’s definitions, date and coverage before comparing areas.

02

Put the number in context

  • Look for the date of the latest update.
  • Compare similar property types and price ranges.
  • Read the trend as well as the latest number.
  • Use property-level comparable sales when deciding an offer or list price.
03

The original chart

This third-party Tableau resource provides a contract-ratio map. It is available below as an outside resource, not embedded as a live market promise. Check its update date before relying on it.

04

Ask about your property

I can help connect broader market data with the home, price range and timeline you actually care about. No ranking or “hottest” designation on this page is a current market claim.

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General information only. Verify property details and third-party information independently.

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