Price expectations are set by what actually closed and how close offers came
If you're deciding what price to start at, your real risk is picking a number that doesn't match what buyers have been paying. My rule is to anchor your expectations to closed prices and how close offers came to asking, not to wishful targets.
Here is the constraint I plan around in January 2026 a typical sold price was $420,000 in Grosse Pointe Farms, MI, and offers landed about 97.9% of asking. Also in January 2026, supply was 1.3 months. This changes your plan because buyers are not consistently paying full asking based on the 97.9% figure in January 2026, even with 1.3 months of supply. Some metrics were not reported for this period, so I stay disciplined I use the $420,000 typical close and the 97.9% of asking as my guardrails. Start with a pricing plan that assumes negotiation room exists build your target net using a sale that lands around 97.9% of asking, as reported for January 2026. Choose a list price supported by what actually closed at $420,000 as the typical sold price in January 2026, not by what you hope the market will reward. If you need a faster move, align your launch to the 29-day typical sale timeline from January 2026 so the pricing and timing work together.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Grosse Pointe Farms 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 →
