Use recent supply and pricing to choose your next move
You're deciding what your next move should be after watching the market for weeks. My answer base your decision on recent supply levels and what buyers have actually paid relative to asking.
Here is the constraint I plan around based on the previous 30 days supply sat at 2.46 months recently in West Raleigh, NC, and active listings ended the month at 56 homes. A typical closed sale was $394,100 last month, and recent deals landed around 97.6% of asking. That matters because supply and negotiation behavior set the tone for how much leverage you can expect. Some metrics were not reported for this period. Still, with 2.46 months of supply and buyers commonly closing under asking, I recommend making decisions with clear price boundaries and a timeline, not vague hopes. Choose your next move and commit to it. I recommend buyers set their search band around the $394,100 typical close and keep offers disciplined using the 97.6% outcome as a reference point. Sellers should price with negotiation in mind and launch with strong presentation so they win early rather than drifting into longer market time.
About Tom Ballman
Tom Ballman is a licensed Real Estate Professional affiliated with Exp Realty, specializing in the West Raleigh market. With a focus on strategic marketing and deep local knowledge, Tom Ballman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
