A smaller pool of available homes can reward a disciplined pricing plan.
If you are deciding whether to put your home on the market soon, my answer is yes, but only with a tight plan from day one. In Keego Harbor, MI, the recent numbers point to limited competition, and that gives well-positioned sellers a real opening without giving them a free pass on price.
Over the previous 30 days, supply stood at 2.33 months, and the market was still labeled a seller's market. At the same time, there were 7 active homes in Keego Harbor, MI at the end of the month, up 40% from the prior month, so buyers had more to choose from even though overall supply stayed relatively lean.
That combination matters if you want to sell without sitting. A typical asking price among active homes was $199,990 last month, down 57.9% from the prior month, while new listings entered at a typical asking price of $224,500 with 5 new properties added. My read is simple in Keego Harbor, MI, buyers are still working in a market with limited options, but they are clearly seeing enough variation in pricing that overreaching can cost you attention.
Price against today's competition, not yesterday's expectations. Review the 7 active listings and position your home where it looks credible the moment it hits the market. Get your presentation handled before you launch, because with only 5 new listings last month, a clean debut can help you stand out fast. If you are moving to a smaller place next, I would also line up that next step before you list so you are not making two major decisions under pressure.
