What is the list-to-sale ratio?
The list-to-sale ratio, also called sale-to-list, compares a home's final sale price with its list price. A ratio of 100% means homes sell at asking; above 100% means buyers bid up; below means sellers take less. Averaged across an area, it shows how much negotiating room buyers have.
Updated November 2026. A plain-language definition, not legal advice.
How it works
A home listed at $400,000 that sells for $388,000 has a 97% ratio. Redfin publishes the average for each county every month.
Because it uses the last list price, a home that had price cuts can still show a high ratio. Look at price cuts alongside it.
Sale-to-list ratio in the markets we track
Median sale price as a share of the last list price, all home types, from Redfin. Over 100% means homes sold above asking.
| County | Cities | Sale-to-list ratio |
|---|---|---|
| Clark County, Nevada | Las Vegas, Henderson | 98.1%Sep 2026 |
| Washoe County, Nevada | Reno | 98.4%Sep 2026 |
| Washington County, Utah | St. George | 97.8%Sep 2026 |
| Salt Lake County, Utah | Salt Lake City | 98.7%Sep 2026 |
| Dallas County, Texas | Dallas | 96.7%Sep 2026 |
| Collin County, Texas | Plano, Frisco | 96.8%Sep 2026 |
| Tarrant County, Texas | Fort Worth | 97.7%Sep 2026 |
| Harris County, Texas | Houston | 97.0%Sep 2026 |
| Travis County, Texas | Austin | 96.9%Sep 2026 |
| Bexar County, Texas | San Antonio | 97.0%Sep 2026 |
Source: Redfin, a national real estate brokerage. County-level figures.
What to watch
A ratio drifting down over several months means sellers are giving more ground.
Compare single-family homes and condos separately.
Questions people ask
What is the list-to-sale ratio?
The list-to-sale ratio, also called sale-to-list, compares a home's final sale price with its list price. A ratio of 100% means homes sell at asking; above 100% means buyers bid up; below means sellers take less. Averaged across an area, it shows how much negotiating room buyers have.
What does a 98% sale-to-list ratio mean?
On average, homes sold for 98% of their last list price, or about $2 under every $100 asked.
Related terms
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