A calm way to think about speed, supply, and overpaying risk.
If you are shopping in Cohoes, NY, the biggest risk is moving too fast without enough context. Last month, the typical sale was $297,500 and the typical sale took 54 days, which tells me there is time to think, but not time to be careless.
Last month, a typical sale was $297,500 and took 54 days. That gives me a clear signal this is a market where the right home still deserves a careful look, and the wrong one can still linger.
For buyers in Cohoes, NY, the job is to stay grounded in recent pricing instead of reacting to the first number you see. When supply sits at 1.58 months, I want decisions to be deliberate, not rushed.
I would review the asking price against the recent sale level, then decide how much room you really have. I would also pay close attention to the 100.9% sold-to-list figure because it keeps the negotiation picture honest.
