Pending and closed numbers together give sellers a better feel for where demand is showing up.
If you are trying to decide whether buyers are still active enough to support a listing, I would look at both contracts and closings. In Amsterdam, NY, 7 homes went under contract and 7 homes closed over the previous 30 days.
Those new pending homes carried a typical asking price of $275,000 last month, while recent closings landed at a typical sold price of $210,000. At month end, 19 homes were still pending in Amsterdam, NY with a typical asking price of $232,500. That gives me a useful picture for sellers. Buyers are active across more than one price band, but the strongest signal still comes from matching your home to the right segment of the market. I would be careful about assuming the highest pending number is the right number for every house. Check which current pending homes really resemble yours on size and condition. Use recent sold prices to keep your expectations grounded. In Amsterdam, NY, launch with a strategy that fits your home's lane instead of chasing the broadest headline.
About Jessica Hurta
Jessica Hurta is a licensed Real Estate Professional affiliated with Jessica Hurta at eXp Realty, specializing in the Amsterdam market. With a focus on strategic marketing and deep local knowledge, Jessica Hurta provides clients with expert guidance in navigating complex real estate transactions. View full profile →
