If you are thinking about selling, the right prep starts with today's pace and price range.
If you are trying to decide whether to list soon or wait, I would make the decision based on how much direct competition you will face and how realistic your price needs to be. In Ferndale, MI, supply stood at 1.35 months over the previous month, which keeps the window favorable for a well-prepared home even though the typical sale took longer.
A typical sale in Ferndale, MI closed at $250,000 last month, and recent offers landed at 97.6% of asking. At the same time, a typical sold home took 61 days, while 50 homes were active at the end of the month and the typical asking price for those active homes was $222,449.
My read is simple sellers still have leverage in Ferndale, MI, but sloppy pricing is easier to expose when homes are taking longer to close. When the typical active asking price sits below the typical closed price, I do not read that as a license to overreach. I read it as a cue to launch clean, show well, and price where serious buyers will engage instead of leaving your home to age on the market.
Start with condition first. Fix the items that distract from value, then price against the homes buyers are actually choosing around the recent $250,000 closing level. Keep your first week tight and intentional. Review competing homes before you list, and be ready to adjust quickly if showings do not translate into real interest.
