Recent asking and closing numbers give you a realistic starting point.
If your biggest question is how high you can price without losing momentum, my answer is to stay close to where buyers have actually closed. In Rego Park, NY, the typical co-op asking price was $329,000 last month, while the typical closed price was $307,500.
If you only remember one closed data point right now, make it $307,500. That was the typical co-op closing price in Rego Park, NY last month, and it matters because the typical asking price on active listings was higher at $329,000.
Where people get this wrong is assuming a higher ask automatically creates room to negotiate. Recent closings came in around 98% of asking, and a typical sale took 124 days. My read is straightforward if you want to sell without dragging the process out, price with purpose instead of padding the number.
Here is the constraint I plan around based on the previous 30 days supply was 7.73 months, and the co-op segment was categorized as a buyer's market. That means sellers need to think about buyer comparison shopping, not just their own target number.
Take two concrete steps before you list. Decide the price floor you will actually accept, then line up every approval, building, and financial document early so a longer timeline does not create avoidable delays. For a downsizer in Rego Park, NY, I would also map the move-after-sale timing now, because the recent pace suggests you should plan carefully rather than assume a quick closing.
