In a subdivision of 1000 homes where owners list their home every 5 years, how many listings can you expect if you capture 50% of the market this year?

To determine the expected number of listings in a subdivision of 1000 homes, where each homeowner lists their property every five years and you capture 50% of the market this year, you start by assessing the total number of homes.

In this scenario, 50% of the subdivision means you'll be targeting half of the homes for potential listings. Therefore, you calculate 50% of the 1000 homes:

[

1000 \times 0.50 = 500

]

This means you can expect to reach 500 homeowners who could potentially list their homes this year. Since each homeowner lists their property every five years, you would normally expect that only a proportion of these 500 homeowners would list their property in any given year.

If 1000 homes are involved, and you know that listings occur every 5 years, you'll divide those 500 potential listings by the 5-year cycle, resulting in:

[

\frac{500}{5} = 100

]

Thus, capturing 50% of the market translates to an expected 100 listings in any given year, based on the active listing cycle among homeowners in the subdivision.