A tighter supply and near-full-price offers are giving well-prepared homes a real opening.
If you are trying to decide whether to put your home on the market now or wait, my answer is simple the current setup favors a well-prepared listing. In Farmington Hills, MI, supply stood at 1.57 months over the previous 30 days, and recent offers landed at 98.5% of asking, so sellers who price and present correctly have very little room for sloppy execution.
The reason I would not treat this as a casual listing window is straightforward. Over the previous 30 days, a typical sale in Farmington Hills, MI closed at $350,000, while active homes were sitting at a typical asking price of $374,900. That spread tells me buyers are still engaging, but they are not rewarding wishful pricing just because supply is limited. There is another number I pay close attention to here. A typical sold home took 37 days recently, while a typical active listing was sitting at 49 days, which tells me the homes that win are the ones that come out aligned with the market instead of chasing it after the fact. For an owner thinking about downsizing or simplifying the next chapter, that matters because time on market affects showing fatigue, move timing, and how confidently you can line up the next step. Start with pricing discipline, not optimism. Use the recent $350,000 typical closed price and the $374,900 typical active asking price to decide where your home should enter the market. Then tighten presentation before launch. I would handle repairs, reduce visual clutter, and make the home easy to show from day one. In a market with 1.57 months of supply, clean execution matters more than overreaching.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Farmington Hills 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 →
