Close Price to Original List Price Ratio 2011 05Posted: July 1, 2011
Close Price to List Price Ratio Depends on Location
Loudoun County’s average close price to average original list price ratio remained above 95 percent for the second consecutive month in May 2011. At 95.6 percent, the ratio improved slightly from April’s revised 95.4 percent. While the May 2011 ratio is below the ratio at this time last year, it hovered around 95 percent for the last six months of 2010. The low point since January 2010 occurred in February 2011 (92 percent); the highpoint was in April 2010 (96.9 percent).
Roughly 63 percent of total May sales were located in Eastern Loudoun where the close price to list price ratio was 96.8 percent. Leesburg’s ratio was 95.5 percent for its 26 percent share of total sales. Western Loudoun only accounted for 11 percent of May’s sales but the close price to list price ratio was significantly lower there, 90.6 percent.
The average close price to list price ratio is determined by calculating the average close price and the average original list price in a given month. The ratio represents the product of dividing the average close price by the average original list price.