When the market is short on choices, your timing should match both your move and the pace of current listings.
If you are wondering whether now is the right time to put your home on the market, the best rule is to look at both supply and the time current listings are taking. My answer for Pleasant Ridge, MI is that timing can work, but only if you plan for a market with few available homes and a slower listing pace than many sellers expect.
Here is the constraint I plan around based on the previous 30 days supply stood at 1.67 months recently, and the market type was identified as a seller's market. That is supportive for someone considering a sale in Pleasant Ridge, MI, especially when only 1 new listing came to market last month.
This changes your plan because low competition does not automatically mean instant movement. Active listings in Pleasant Ridge, MI totaled 5 last month, which was unchanged from the prior month, while a typical active listing had been on the market for 52 days. I would treat that as a reminder to launch when you are genuinely ready, not simply when you hope the label of a seller's market will do the work for you.
If you only remember one closed data point right now, make it this only 1 home was pending at the end of last month. That is a small pipeline. It suggests that sellers should think carefully about timing and readiness, especially if the goal is to downsize without carrying two homes longer than planned.
Where people get this wrong is assuming that fewer homes for sale means they can list first and organize later. I recommend the opposite. Finalize the decluttering, minor repairs, and move sequencing before the listing goes live. Decide in advance whether you need flexible possession timing or a stronger price-first approach. Those choices matter more when the pool of activity is small and each listing carries more weight.
Recent pricing signals still matter. The typical asking price for active homes was $734,900 over the previous 30 days, while the typical estimated home value in Pleasant Ridge, MI was $492,230. That estimated value was down 2.6% from the prior month and up 1.8% from 12 months earlier. I would use that gap carefully asking prices show seller expectations, while estimated value gives you a separate reference point. Neither should be used casually if your next move depends on a clean sale.
Some metrics were not reported for this period. A typical sold price, a typical closed-sale timeline, and recent offer-to-ask results were not reported. So I would not reduce your timing decision to a simple yes or no. My recommendation is to list when the house is truly ready, your next housing plan is defined, and your timing terms are clear enough to protect the move you want after closing.
