A calm way to weigh timing when you want less disruption and a cleaner move
If you are wondering whether waiting a little longer will make your sale easier, my answer is that the market is giving you enough activity to act now if your plan is organized. In Lake Orion, MI, 32 homes came to market last month and 21 closed, so timing matters less than entering with a realistic plan.
Looking at the latest numbers, the clearest signal was the gap between new listings and completed sales. Last month, 32 homes were newly listed, 26 were under contract, and 21 sold, while the number of homes available at month-end stood at 60. This changes your plan because more competition can show up quickly even in a market with 1.5 months of supply. A typical asking price for newly listed homes was $331,500 recently, but the typical asking price among all active homes was $452,500, which tells me sellers are entering the market at very different levels and need to position carefully. Keep it simple. First, decide now what condition level you are willing to deliver before you list, so you do not lose time once competing homes hit the market. Second, set your pricing conversation around today's active options and recent closings, not around a hoped-for future window that was not reported. Some metrics were not reported for this period. Even so, the decision framework is clear when new supply is arriving, delay only helps if you use the time to improve your positioning. That is especially true in Lake Orion, MI if you are coordinating a smaller next home or handling a property that needs a straightforward estate-sale process.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Lake Orion market. With a focus on strategic marketing and deep local knowledge, Ed Brittingham provides clients with expert guidance in navigating complex real estate transactions. View full profile →
