Leverage is real here, but it belongs to sellers who match the market, not those who ignore it.
If you want to know whether sellers still have the upper hand, the short answer is yes, but only with the right strategy. Roanoke, VA held 2.32 months of supply last month, which supports sellers, yet pricing still has to be believable.
Last month, Roanoke, VA was described as a seller's market, with supply at 2.32 months. At the same time, active homes carried a typical asking price of $301,475, while homes that went pending were typically listed at $265,000. That is why I say leverage exists, but it is conditional. Low supply gives you an opening, not immunity. Sellers have an advantage when they enter with a price and presentation that buyers can act on. Push too far beyond accepted price levels, and the market can turn that leverage into dead time. Use the market edge to negotiate from strength, not to overreach at launch. Put the home in front of buyers fully prepared from day one. In Roanoke, VA, keep the price close enough to attract action while the supply picture is still working in your favor.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Roanoke market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
