If you are weighing when to make your move, the recent pace of sales gives you a clear starting point.
If you are trying to decide whether to put your home on the market now or wait, I would start with pace and available supply. In Farmington, MI, a typical sale took 21 days over the previous 30 days, and available supply stood at 1.82 months, which tells me well-prepared homes are still moving in a market that favors sellers.
The first answer is straightforward waiting for a radically easier selling environment is hard to justify from the recent numbers. Over the previous 30 days in Farmington, MI, the typical sold price was $331,000, recent offers landed at 97.9% of asking, and there were 20 homes available at the end of the period. For an owner thinking about a move, that combination matters. A typical sale timeline of 21 days is fast enough that you need your next step lined up before you list, and supply at 1.82 months means buyers still do not have broad selection. My read is that this supports a deliberate launch, not a casual one. The recent numbers also show 10 new listings came to market, while 11 homes were sitting in pending status by the end of the period, so active demand was still absorbing choices in Farmington, MI. I would make two moves now. First, set your move timeline before you set your list date, because a typical sale took only 21 days last month. Second, price against the current active competition, with active homes showing a typical asking price of $332,000 and recent sold homes at $331,000. If you also own a smaller place or are considering less upkeep, I would use that same pricing work to decide what you can free up before making the move.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Farmington 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 →
