Your showing to offer ratio can help you decide how to respond in various situations when selling your home.

First, what do I mean by your showing to offer ratio?

I simply mean how many showings have you had and how does that compare to how many offers you have.  

Have you had ten showings and you now have one offer?  That's a 10:1 showing to offer ratio.

Have you had four showings and you now have two offers?  That's a 2:1 showing to offer ratio.

Here's an example of how this can inform some of your decision making...

You receive a strong offer but you have another showing tomorrow... should you wait to see whether that buyer wants to make an offer too?

What is your showing to offer ratio?

If you have a 15:1 showing to offer ratio (you've had 15 showings and only one offer) then you probably don't need to wait for that one last showing to see if the 16th buyer wants to make an offer.

If you have a 3:2 showing to offer ratio (six showings, four offers) then you might decide to wait and see if that 7th buyer wants to make an offer too.

If you have a 1:1 showing to offer ratio (one showing, one offer) you might wait for that second showing... depending on how long your house has been on the market.  If it has been on the market for a month, then perhaps you accept the offer in hand, but if it has been on the market for six hours, then you should probably wait to let the second buyer look at the home.

Keep your showing to offer ratio in mind when deciding how to think about showings that are yet to take place when you have an offer in hand.