A direct look at how the market is behaving.
When I say price pressure is real, I mean it starts with the sold number. Last month, the typical sale landed at $502,500 in Altamont, NY, and that gives me a strong benchmark for every new listing I review.
The typical sale was $502,500 last month. I would use that as the benchmark, not a guess, because it reflects where accepted value actually settled.
The active median list price was $330,000, which gives me a different lens on what is being offered now. In Altamont, NY, I would compare those two numbers carefully instead of treating the active side and sold side as if they tell the same story.
My next steps would be to watch how closely a home is priced to the active group, pay attention to condition, and decide quickly when a listing fits. I would stay disciplined and let the numbers do the talking.
