If you want to sell without chasing the market, recent pricing and supply give me a clear starting point.
If you are thinking about selling and wondering whether pricing room is still there, my answer is yes, but only with discipline. In Lathrup Village, MI, recent closed numbers still point to a seller-leaning market, with supply at 2 months over the previous 30 days, so the opportunity is there for sellers who enter the market prepared instead of hopeful.
The first thing I would look at is the gap between what is available and what is actually closing. Over the previous 30 days, typical sold pricing in Lathrup Village, MI was $377,500, while typical active asking pricing stood at $317,000 and recent offers landed at 98.5% of asking. That tells me buyers are still engaging seriously, but it does not give sellers room to ignore positioning or condition.
Pace matters here. A typical active listing was on the market for 38 days recently, while a typical closed sale took 70 days, and there were 6 active homes compared with 4 recent sales. My read is simple sellers still have leverage, but the homes that win are the ones that enter clean, well-priced, and aligned with what buyers are already accepting rather than what a seller wishes the market would pay.
I would take two steps right now. First, price against the homes that actually closed, not just the homes still sitting, because the closed side is showing where buyers are truly committing. Second, get the house ready before it goes live, because with only 2 new listings recently, a prepared home has a real chance to stand out fast. If you are also planning a move after selling, I would map that timing before launch so you are not making two major decisions at once.
