Recent timing and closing numbers can tell you when patience stops helping
One of the toughest calls for a seller is knowing whether to hold firm or make a price change. My answer is to decide early and objectively, because in Forest Hills, NY a typical sale took 26 days last month, and that window matters when buyers have choices.
The recent pace gives sellers a useful benchmark. In Forest Hills, NY, a typical sale took 26 days last month, and the market carried 8.57 months of supply, so time on market is not something I would treat casually.
I would pay close attention to the first few weeks because pricing power is strongest when the listing still feels fresh. With a typical asking price of $1,049,000 and a typical sold price of $891,500, buyers are clearly measuring value closely rather than accepting every seller's opening position.
Watch showing activity and buyer response right away. Reassess before the listing grows stale. If the market is not confirming your price, fix that quickly instead of hoping extra time will solve a pricing problem on its own.
