If you are thinking about selling, pricing discipline matters more than wishful asking prices.
If you are wondering whether this is a good time to put your home on the market in Washington, MI, my answer is that the window is still favorable, but pricing needs to be grounded in what buyers are actually closing. Last month, supply stood at 2.54 months and recent offers came in at 97.9% of asking, which supports a confident listing strategy without giving you room to ignore the market.
Washington, MI remains in seller's market territory, with 2.54 months of supply last month. New listings reached 33 over the previous 30 days, up 26.9% from the prior month, while the typical new asking price was $649,900. That tells me more competition is arriving, even though overall supply is still limited.
For sellers, that matters because the market is still rewarding well-positioned homes, but it is also giving buyers more choices than they had a month earlier. Active listings ended the month at 61 properties, and the typical asking price among active homes was $879,650. Closed sales, though, centered at $462,500 last month, so I would not confuse a high active price environment with automatic buyer acceptance at any number.
Price from the pool of recent closings, not from the most optimistic listing you can find. Prepare your home to compete with the 33 new listings that came on in Washington, MI over the previous 30 days. I would also pay close attention to the first two weeks, because pending homes were going under contract in a typical 17 days last month.
