Special offer

Single Family Market Update

By
Real Estate Agent with Suburban House Hunters Team (CSI, Inc.)

Here is a quick update as of 07/05/06 for Schaumburg, IL single family homes.

Homes listed - 232

Under Contract - 50

Closed in the last 90 days - 66

If it takes 90 days for 66 homes to sell then we have 316 days of inventory on the market today. That means if nothing new is added and home sales stayed the same as the last 90 days that it would take about a year to sell every home that is currently listed. The one bright spot is that there are 50 homes under contract and that might help increase the sales pace a little.

This helps show that YES the market is MUCH slower and you need to work with an agent or team of agents that can offer a great marketing plan that includes a web site that ranks high in Google. The Suburban House Hunters Team offers just that for anyone thinking of selling a home in Schuamburg.

Comments (0)