Speed matters when typical homes are moving in weeks, not months
You're trying to decide how aggressive you need to be before you start touring. My answer act like the first home you love will have competition, because typical deals have been moving fast. In Kings Park, NY, a typical sale took 28 days last month, and supply was 0.57 months.
Here is the constraint I plan around based on the previous 30 days supply in Kings Park, NY sat at 0.57 months last month, and a typical sale timeline was 28 days. On top of that, recent accepted deals were landing around 103% of asking, which is a strong signal that buyers were competing on price. That matters because low supply plus above-asking outcomes compresses the decision window. Some metrics were not reported for this period. Even without every detail, the numbers we do have give you the operating reality if you need time to think for a week after a showing, you're often deciding after someone else has already written. Tighten your search box before you tour. Pick your top three non-negotiables and your top three flex items so you can decide in the moment when a home fits. Walk into each showing with an offer plan that matches the market if the home is the right fit, be ready to move quickly because typical closings were getting to the finish line in about 28 days last month and buyers were often paying above asking. Finally, keep your expectations grounded in recent reality by using the $677,500 typical closed price last month as a sanity check when a home's asking price feels 'just a little high.'
