Yes, but only if your plan matches the recent pace and pricing of the market.
You can stay calm and still compete if your plan is already in place. In Copiague, NY, recent closed sales averaged 103.7% of asking and pending homes were typically reaching contract in 28 days, so buyers need structure more than speed for speed's sake.
The recent market gives you a practical framework. Supply stood at 1.64 months last month in Copiague, NY, with 18 active homes and a typical closed price of $573,500. That supports a prepared buyer who knows when a home is truly worth pursuing.
I would use the difference between active and pending pace as your guide. Active homes were taking about 50 days, while pending homes were moving much faster at 28 days. That tells me the homes buyers value most are still being selected quickly, while others may leave room for closer analysis.
Tour with a written plan. Compare each asking number to recent closed pricing before you react emotionally. In Copiague, NY, I would act decisively on homes that match the faster pace and stronger value, and I would challenge the price of homes that are lingering.
