The best indicator of demand is the number of showings the Seller receives. That’s why it is important that Agents set REALISTIC EXPECTATIONS for Sellers with a List Price that accurately reflects TODAY’S market.
However, the number of BUYERS would be considerably less. Why? Because most Buyers look at 5-10 homes. So, assuming just (5), then in the price range $400,000 to $449,999; there would be only (5) potential Buyers (28/5) for the entire month, in an entire Zip Code. That means, there are very few showings and even less actual buyers!
