If you are thinking about making a move, the current pace and pricing give you a clear starting point.
If you are debating whether to put your place on the market now or wait, I would make the decision based on current competition and how close recent offers are landing to asking price. In Pontiac, MI, recent closed numbers still point to a seller's market, and offers landed at 97.8% of asking over the previous 30 days, which tells me serious pricing still gets serious attention.
Over the previous 30 days, supply stood at 2.43 months in Pontiac, MI, and the market was still labeled a seller's market. At the same time, a typical sale took 44 days and the typical sold price came in at $139,900. That combination tells me you can still sell, but you cannot be careless on price or condition. For someone planning to sell and simplify life, this matters. Active choices were sitting at 107 properties recently, and the typical asking price for those homes was $145,000, while new listings came in at 61 with a typical asking price of $160,000. My read is simple Pontiac, MI has competition on the board, so the homes that win are the ones that look clean, read clearly online, and enter the market at a number buyers can justify against nearby options. Start by fixing the obvious issues before you list. Price from the reality of recent closed sales, not from the highest new asking prices. Plan for a sale timeline that could stretch around 44 days, and line up your downsizing move before you go live. If you also need to buy after selling, I would map both moves together so you do not create a timing problem for yourself.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Pontiac 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 →
