What sellers should take from recent sale terms and supply
If you are wondering whether sellers still have the upper hand in Cohoes, NY, I would say yes, but only if the listing is handled well. The latest market summary labeled Cohoes, NY a seller's market, and recent supply stood at 1.73 months. Add in recent sale terms above asking, and I see real leverage for sellers who launch correctly.
The leverage case is backed by more than one number. Last month, Cohoes, NY had 1.73 months of supply, recent closed deals finished around 101.96% of asking, and a typical sale took 25 days. That is a useful combination for a seller deciding whether the market can still support firm terms. I would still separate leverage from overconfidence. The typical asking price among active homes in Cohoes, NY was $260,000, and the typical asking price among new listings was $265,000. Buyers are still comparing visible options carefully. A seller's market helps a good listing. It does not fix a weak one. Use the leverage to stay disciplined on price and terms, not to test the market with a number buyers will ignore. Prepare the home so it feels easy to choose. Watch early activity and respond fast if needed. In Cohoes, NY, control usually belongs to the seller who enters with a clean plan.
About Jessica Hurta
Jessica Hurta is a licensed Real Estate Professional affiliated with Jessica Hurta at eXp Realty, specializing in the Cohoes 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 →
