New Listing to Pending Ratio
New Listing to Pending Ratio is (AUC + PB) / (New + BOM). AUC stands for "Active Under Contract," PB stands for "Pending, Taking Backups," New stands for "New Listings," and BOM stands for "Back On Market." This ratio is calculated every Monday and Friday, and a ratio less than one indicates an increase in inventory.
New Listing to Pending Ratio: Insights on Austin Real Estate Market Trends
As a market expert in Austin, I'm excited to share the latest insights on the New Listing to Pending Ratio, a valuable metric that provides a snapshot of the health of the local real estate market. This ratio tracks the balance between new listings and homes going under contract or pending, offering valuable insights into the supply and demand dynamics of the market.
It's important to note that the New Listing to Pending Ratio can fluctuate week to week, so it's essential to track it over time to identify trends. Our website provides weekly, monthly, and yearly updates on this ratio, along with other critical market statistics, including price drops, price increases, the number of homes on the market, pending sales, and recently sold homes. Our team of experts updates this data every Monday, Thursday, and Friday and provides charts to help you track trends in the market.
At our real estate brokerage company in Austin, we're committed to providing our clients and the community with up-to-date market information to help them make informed decisions. Whether you're a buyer, seller, or simply interested in keeping tabs on the local real estate market, we encourage you to visit our website regularly for the latest data and insights. Our experienced agents are also available to answer any questions you may have and provide personalized advice based on your unique situation.
