The sold numbers give you a better guide than the noise around them.
If you are buying in Brighton Township, MI, I would focus on what homes actually sold for last month. The typical sold price was $460,700, and the market was still returning 101.5% of asking on sold homes, which tells me competition can still be real on the right property.
Last month, sold homes returned 101.5% of asking on average. For a buyer in Brighton Township, MI, that means I would be careful about assuming there is room to negotiate on every listing just because the market feels active.
The typical sale took 25 days, which tells me well-positioned homes are not sitting around for long. I would use that to stay ready, move decisively, and avoid letting a good fit pass by while you debate too long.
Know your ceiling before you tour.
Move quickly when a home fits.
Keep your offer plan ready.
