Why time on the market should change your next move
If your home has been sitting in Corona, NY, you need to decide whether to wait it out or make a change now. I would not leave that question to chance, because the typical sale timeline recently reached 84 days, and pending homes in the last three months took a typical 118 days to move forward.
Time matters because it affects your leverage. Over the previous 30 days, the typical asking price was $529,500, while the typical closed price was $499,000. In the last three months, newly listed homes had a typical market time of 11 days, but pending homes showed a typical 118 days. That tells me the homes that stall are not getting a free pass from buyers.
For sellers in Corona, NY, this is where strategy has to tighten up. When buyers have 12.33 months of supply to choose from, they can wait out listings that miss the mark on price or presentation. I would rather adjust early than let extra market time weaken your position and invite lower offers later.
Recheck your price against the homes that have actually closed, not just the homes still available. Tighten the condition and photo presentation if the home is not generating action. Make one clear adjustment instead of a series of small reactive changes. Keep your negotiation posture firm only if the home is already aligned with recent pricing.
