The answer depends on what you do with the current numbers.
If you are trying to judge leverage, I would start with the sold-to-list price ratio. Last month, homes closed at 95.7% of asking in Botetourt County, VA, and that keeps the conversation grounded in real pricing power.
Last month, homes closed at 95.7% of asking in Botetourt County, VA. That is the kind of number that tells me well-priced homes are still getting serious attention, even with more supply in play.
I would pair that with 2.61 months of inventory and a typical sale price of $394,500. Together, those numbers tell me this market still rewards clean strategy more than hopeful pricing or vague timing.
Check your leverage against 95.7% of asking. Then decide whether your price needs to be sharper or your search needs to be more disciplined. Finally, use the $394,500 typical sale number to keep the discussion honest.
