In real estate markets, the gap between list price and sold price indicates where negotiation power lies; when sold prices rise significantly (21.74% month-over-month in West Chatham) and inventory remains high (30 active listings with only 8 sales), buyers gain leverage, but sellers must strategically position their properties by understanding market trends, asking about recent price reductions, and monitoring builder incentives to succeed in negotiations.
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Deep Dive
🏡 Buyers finally have negotiating power again in West Chatham.Added:
Sellers, with eight sales in a month >> [music] >> and 30 active listings, you don't get to hide.
Buyers, sold price moved up 21.74% [music] month-over-month. The gap between list and sold tells us where negotiation power is sitting. Buyers, this is the deepest leverage [music] in West Chatham, but the most ambiguous with data.
Don't anchor on [music] a single month median. Pull six months of rolling numbers. Ask the listing agent two things: >> [music] >> When was the last price reduction? And whether the builder next door, D.R.
Horton, Landmark, K. Hovnanian, Lennar, Condor, >> [music] >> etc. is offering rate buy-downs.
Sellers, with eight sales in a month and 30 [music] active listings, you don't get to hide. Pick your edge before you list.
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