I break down what recent asking and closing levels are telling you now.
When you are deciding how to move in Shelby Township, MI, pricing should come before everything else. Last month, the typical list price was $549,900, and that sets the tone for how carefully both sides need to think about value.
Last month, the typical list price was $549,900 and the typical sale was $416,450. That spread is the part I watch first, because it tells me the market is still demanding real judgment at the negotiation table.
For a seller, that means I would not rely on wishful pricing or a broad opening number. For a buyer, it means I would compare every home against the actual closing level before deciding whether the ask is justified.
Start with the closing evidence. I would keep the first pricing conversation grounded in what has already traded, then use the early response to decide whether the plan needs a faster correction.
