I would answer that question by looking at the difference between current competition and recent closings.
If you are wondering whether to wait or move ahead with a sale, I would not base that call on emotion. In Troy, MI, I would base it on the fact that recent supply was 1.5 months, which still gives sellers favorable conditions even as buyers compare homes carefully.
Recent market activity in Troy, MI shows 92 new listings came to market over the previous 30 days, while 90 homes were pending by the end of that period and 41 homes closed. New listing volume reached $44,190,634, and pending volume reached $44,328,495. What I take from that is active movement, not a market standing still. For someone trying to sell a longtime home and reduce maintenance, that is useful because it points to real buyer engagement, but it also warns against assuming every home gets the same response. The market is giving opportunity, yet the typical asking price on active homes was $454,995 compared with a typical closed price of $400,000, so judgment still matters. I would decide now whether your goal is maximum price, maximum certainty, or maximum convenience. Then I would shape your launch around that priority. In Troy, MI, I would also get your home photo-ready and decision-ready before you list, because new competition is entering the market and hesitation can cost you cleaner offers.
About Ed Brittingham
Ed Brittingham is a licensed Real Estate Professional affiliated with REMAX Eclipse, specializing in the Troy 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 →
