Real Estate Math
A Mississippi property was listed at $289,000 and sold for $275,000. The sale-to-list price ratio is approximately:
A95.2%✓ Correct
B105.1%
C94.8%
D96.3%
Explanation
Sale-to-list ratio = Sale Price ÷ List Price = $275,000 ÷ $289,000 = 0.9516 = approximately 95.2%. This metric is used to analyze how close properties sell to their asking price and is an indicator of market conditions (seller's market vs. buyer's market).
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