Yes, if you compare asking prices to recent closings and pay attention to how long homes are taking.
If you are wondering whether touring now gives you an edge, my answer is yes, but only if you use those tours to challenge the asking price. In Maspeth, NY, recent closings, current asking prices, and sale timelines leave room for smart buyers to slow down and compare before committing.
Looking at the latest numbers, the clearest signal was a typical asking price of $1,250,000 for active multifamily listings last month versus a typical closing price of $950,000. That spread does not mean every home is overpriced, but it does tell me you need to test each asking number against what buyers actually accepted recently in Maspeth, NY.
Where people get this wrong is assuming a lower accepted price means every seller is weak. Recent offers still averaged 95.3% of asking, so I would not walk into a well-positioned home with a random low offer. I would study condition, how long the home has been available, and whether the pricing already reflects the market.
Speed matters. A typical sale took 108 days last month, while recent pending homes over the last three months had a typical 36-day path before going under contract. That gap is useful. It gives you a way to spot whether a listing is fresh and competitive or whether it may be more open to negotiation.
Here is my buyer playbook. Tour with a price test in mind, not just a wish list. Compare each home to the recent closed and pending price ranges before deciding your number. Keep your financing and decision chain ready so you can move fast when a home is aligned with the market instead of hesitating after you find it. Some metrics were not reported for this period.
