A tighter supply picture can support a sharper pricing plan from day one.
If you are deciding whether to put your home on the market now or wait, my answer is to make the decision based on positioning, not hope. In Oak Park, MI, recent supply stood at 1.59 months, which gives well-prepared homes a clearer opening than many owners realize.
I would treat Oak Park, MI as a market where preparation still matters, but hesitation can cost you leverage. Over the previous 30 days, typical sold pricing came in at $210,000, recent offers landed at 98% of asking, and a typical sale took 26 days, so homes were still moving without long drag when they were priced in line with the market.
The part I would not ignore is the gap between what came to market and what actually closed. Last month, newly listed homes had a typical asking price of $252,500, while active listings sat at $202,000 and pending homes were around $250,000, which tells me buyers in Oak Park, MI were still engaging with properly positioned homes near the upper end of recent activity, but closed prices were not automatically matching those higher asks.
Start with the condition issues that affect first impressions and fix them before you go live. Price from recent closed and pending evidence, not from your best-case number. Build your launch around the current pace, because a typical sale took 26 days last month, not an unlimited timeline. If you are also planning a smaller next home, line up that move before you list so you are not making two rushed decisions at once.
