If you are planning a sale, the opportunity is real, but sloppy pricing can still trip you on the way out the door.
Wondering if this is a good moment to list or if you missed the magic window by five minutes? I would still take the shot, because Daly City, CA had just 1.32 months of supply over the previous 30 days, and that is not the kind of setup that begs sellers to sit quietly in the corner.
The opening answer is yes, sellers still have leverage, but not a license to get cute. Over the previous 30 days, a typical asking price for active homes was $999,999, while the typical closed price was $1,160,444, and recent offers landed at 109.6% of asking. Homes also moved in 17 days, which tells me the market still rewards listings that show up ready for prime time. I would not confuse a strong market with automatic success. The typical asking price for active homes slipped 8.93% from the prior month, while recent closed prices slipped 5.27% from the prior month, so the smarter move is disciplined pricing, not ego pricing. In Daly City, CA, buyers are clearly willing to compete, but they are competing on homes that make sense, not on wishful thinking dressed up as a list price. Price the home to attract action, not compliments from your cousin. Fix the obvious issues before launch, because a tight market does not cure ugly deferred maintenance. Review the competing active homes carefully, then position yours to look like the best-value option in its lane. And please, do not test the market with a number pulled from thin air and a prayer.
About Charlie Giang
Charlie Giang is a licensed Real Estate Professional affiliated with Charlie Giang, specializing in the Daly City market. With a focus on strategic marketing and deep local knowledge, Charlie Giang provides clients with expert guidance in navigating complex real estate transactions. View full profile →
