Recent pricing and market pace reward sellers who enter with a number buyers accept
A realistic list price does not mean leaving money on the table. My advice in Forest Hills, NY is to price for response, because the market is still rewarding well-positioned homes but giving buyers enough choice to ignore listings that feel disconnected.
Recent pricing in Forest Hills, NY supports a disciplined approach. A typical asking price was $1,049,000 over the previous 30 days, while a typical sold price was $891,500 and the typical sale took 26 days.
I would pair those numbers with the supply level of 8.57 months and avoid any strategy that depends on buyers overlooking the competition. Yes, recent closings averaged 103.4% of asking, but that only becomes helpful when the asking price is close enough to reality to invite action.
Start with where buyers are likely to compare you, not where you hope they will. Build your price around current competition and recent closings. Give the market a reason to respond early instead of waiting for a correction after momentum fades.
