Recent sale results show why getting the number right upfront is still the safer strategy.
If you think a strong market means you can list high and fix it later, I would push back on that. In Troy, MI, recent offers averaged 100.4% of asking, which rewards accuracy far more than wishful pricing.
A typical active home in Troy, MI carried an asking price of $484,900 recently, while the typical new listing entered at $484,450. The typical closed price over the previous 30 days was $426,920, and a typical active listing sat for 26 days compared with 14 days for closed homes.
That tells me the market is still selective, even with limited supply at 1.59 months. Sellers who enter at the right number can capture fast attention, but sellers who stretch too far risk drifting closer to the slower side of the market where attention thins and negotiating position weakens.
Price from the homes buyers can choose today. Review the newest competition before finalizing your number. Aim to attract strong early traffic in Troy, MI instead of planning for a later correction.
