![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbacVsqTDR4pf-jG3P9CqAuZDfZ_FdM_r_etBcwkX0AiXh8pq93nEgiARL0bZzFgXFUQuteEzN9nFEgc95ZeOqloNvkriaGT9Wml_kcjpFRIaiHvvhIjxXdUNjJLvXDLPDEXBpzA/s320/chart_nov10_9.jpg)
This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.
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