I look at how fast accepted offers are happening now.
A fast market can look calm until you need to make a decision. In Cumberland, RI, last month the typical sale took 18 days, so I would treat speed as part of the strategy instead of assuming there is endless time.
Last month, the typical sale timeline in Cumberland, RI was 18 days. That gives me a clear signal if a home is priced well, the window for serious attention is not wide.
For a buyer, I would use that to stay organized before touring, not after. For a seller, I would use it to think carefully about how quickly the first wave of interest could matter.
I would review the homes that closed at $506,250 last month and keep my attention on the ones that fit the recent price pattern. I would also be ready to move on the homes that show early buyer response, because the pace is still firm.
