Written by Jim the Realtor

March 2, 2022

We can use the SP:LP ratio to gauge how hot the market is.

Last year, the ratio was flat heading into the selling season, with February being right at 100.1%.

Last month was already up to 103.6%, which is incredible for this early in the year!

We just had the hottest February ever!

1 Comment

  1. Rob_Dawg

    Maybe “hotness” could be a formula that includes offer price, sales price and days on market.

    How goes the quartile graph project?

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