A smaller supply gives well-prepared homes a tighter window to stand out.
If you are trying to decide whether this is a smart time to put your house on the market, my answer is yes - but only if you treat pricing and preparation seriously from day one. In Huntington Woods, MI, the recent numbers point to a market with limited competition, and that gives a well-positioned seller a real opening.
Over the previous 30 days, supply stood at 0.57 months, and the market was positioned on the seller's side. At the same time, there were 4 homes active at month end in Huntington Woods, MI, while 3 homes were sitting in contract and 2 closed sales were recorded. To me, that says opportunity is real, but it is not automatic. A typical asking price among active homes was $427,000 recently, while newly listed homes came on at $495,000, so I would not treat every property as interchangeable. In Huntington Woods, MI, buyers are still choosing carefully, and the homes that win are the ones that enter clean, clear, and priced with intent. Start by comparing your home against the current active price range, not just your ideal number. Fix the items that affect first impressions before you go live. Enter the market ready, not testing it. I would also plan for a quick response window, because a typical active listing took 17 days recently, which tells me hesitation can cost leverage.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Huntington Woods 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 →
