A simple way to understand pace before you make a decision.
The first thing I would ask is whether the pace fits your plan. In Cohoes, NY, homes took a typical 54 days to sell last month, and that is the kind of timing that rewards patience and a steady hand.
A typical sale took 54 days last month. I read that as enough time to make a careful decision, but not enough time to ignore the market.
For Cohoes, NY, the practical takeaway is that both pricing and timing still matter. I would not assume the first offer or the first asking price is the whole story.
I would look at the $297,500 typical sale price, the 100.9% sold-to-list result, and the 1.58 months of supply together. Those three numbers give a much more useful picture than any one number by itself.
