Yes, but your leverage depends on the home in front of you, not the headline market alone.
If you are hoping for negotiation room in Commack, NY, I would tell you not to assume every seller holds the same cards. The better rule is this recent closed homes averaged about 102.1% of asking, so leverage exists, but it is property specific.
Recent numbers in Commack, NY showed a typical sold home at $827,500, a typical sale timeline of 31 days, and just 0.81 months of supply. At the same time, active homes had been on the market for 38 days and newly pending homes moved in 27 days. That spread tells me negotiation is still possible, but usually around listings that are not hitting the market cleanly.
For a buyer, the practical lesson is to stop thinking in broad slogans. A house that is newly listed, aligned with current pricing, and well received may not give much ground. A house that has lingered longer than the recent sale pace can present a different opening. I would judge each negotiation from timing, price fit, and current competition.
Track days on market against the recent 31-day sold pace. Compare the asking price to both pending and closed ranges before deciding how hard to push. Keep your strongest terms for the homes that truly fit, and do not waste them where the numbers already look stretched.
