I am focusing on how pricing lines up with buyer response.
When price and demand do not line up, sellers feel it fast. Last month, the median list price was $1,185,000 and the median sold price was $862,500, so I would treat pricing as the first real decision, not a detail to save for later.
Last month, the typical asking price was $1,185,000 and the typical closed price was $862,500. In Narragansett, RI, that tells me buyers are still willing to buy, but they are not chasing every number on the sign. I would take that as a signal to be precise from the start. The market also showed 1.78 months of inventory last month, which gives sellers room to compete, but only when the price feels justified by the home itself. Price to the real room, not the wish. Watch the first week closely. Be ready to react quickly.
About Hilary Marshall
Hilary Marshall is a licensed Real Estate Professional affiliated with REMAX, specializing in the Narragansett market. With a focus on strategic marketing and deep local knowledge, Hilary Marshall provides clients with expert guidance in navigating complex real estate transactions. View full profile →
