Patience can help, but only when the listing and the timing both support it.
If you are trying to decide whether to wait on a home or move now, I would compare its timeline to the recent market pace first. In Temple Terrace, FL, a typical sale took 39 days last month, while homes that went pending over the last three months showed a much faster typical path of 13 days.
That tells me waiting can be smart on the wrong home and risky on the right one. Temple Terrace, FL also posted 4.24 months of supply and recent offers around 94.4% of asking, which gives buyers some negotiating room. Still, the faster pending timeline is a reminder that attractive homes do not always sit around for a discount.
I would not build a strategy around hope alone. If the home has already stretched well past the recent pace, patience may improve your leverage. If the home is fresh, well-priced, and aligned with the recent closing pattern, waiting may simply invite competition or a missed opportunity.
Check how long the listing has been available against the recent 39-day pace. Compare its price to the recent $360,000 closing level before deciding how aggressive to be. Wait when the numbers support patience. Move when the fit and the timing line up.
