Tight supply means your filters need to be realistic
You're deciding what to prioritize so you do not miss a good home because of the wrong preferences. The answer is to keep your must-haves short and your nice-to-haves flexible when selection is limited.
Here is the constraint I plan around based on the previous 30 days supply measured 1.19 months last month in North Chesterfield, VA. Accepted offers landed about 99.7% of asking last month, and a typical sale took 30 days last month. That matters because limited supply forces tradeoffs, and it also increases the cost of waiting for a perfect match. Some metrics were not reported for this period, so I cannot say how many homes will match your criteria, but the low supply signal is enough to justify a tighter decision framework. Cut your must-have list down to the items that truly affect daily use, not aesthetics you can change later. Use the near-asking acceptance pattern to set expectations on what you can negotiate versus what you have to accept. In North Chesterfield, VA, pre-decide your top two backup options so you can move forward even when the exact home you wanted is not available.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the North Chesterfield market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
