Recent list prices, sale prices, and limited supply point to a disciplined pricing window.
If you are debating whether to list now or hold out for more, I would answer that question with pricing discipline first. In Troy, MI, recent supply stood at 1.59 months, and that is the kind of setup where a well-positioned listing can attract serious attention without overreaching.
Last month, active homes in Troy, MI carried a typical asking price of $484,900, while newly listed homes came out at $484,450. At the same time, the typical closed price was $426,920 and recent offers landed at 100.4% of asking, which tells me accurate pricing still matters even when supply is limited.
For a seller, the mistake here is assuming a seller's market gives you permission to ignore the gap between asking and closing ranges. My read is that buyers in Troy, MI are still responding fastest to homes that enter the market in line with current competition, especially when a typical active listing was on the market 26 days recently but closed homes moved in 14.
Price against current active competition, not your most optimistic target. Study the newest listings before you go live. Prepare for early activity and fast decisions if your home enters the market in the right range.
