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Schaumburg IL Area Real Estate Market - September 2017

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Real Estate Agent

Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - September 2017

This is the place to get your real estate questions answered!schaumburg IL area real estate market

Is it Hot or Not?  Average sales prices are increasing every month and across the board. Every subdivision is responding differently if and 'when' a home in the area goes on the market. I would say that sellers are now pretty happy with prices or have decided that now is a good time to move.

With our decreased amount of inventory for September we are in a sellers market. Inventory has decreased between 20% to 30% from 2016 depending on which town you live in. With this overall low inventory the market has turned toward a sellers market with price increases expected.

Homes going under contract have slowed for September again. As an example in Schaumburg, homes going under contract have slipped to 55% of August's numbers. Inventory has actually just about doubled (2.7 to 5) from August to September.

If your home is currently on the market for 30 days or more, buyers have given you feedback on your condition, your price, or your location. With inventory this low there is no reason not to get an offer but buyers are not going to pay your price if you've got too much work or deferred maintenance.  They will gravitate towards another home with a better price or more updates for the price.

lyn sims real estate in schaumburg

 



lyn simsLook for an agent that can connect the dots.

Look for an agent that knows the market.

Contact me for questions on your neighborhood and specific market details so you can make an informed decision.

Hey, want your home to sell faster?  Let my experience guide you along the way.

 



August 2017 Report
July 2017 Report

 

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  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)962-7104
 
 
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Comments (5)

Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Hi Lyn Sims 

What a great market report! When I move I would want someone like you in my corner. You are the one person that could connect the dots and help any Seller or Buyer in the Schaumburg IL Area Real Estate Market.

Oct 18, 2017 10:44 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

So like your comment regarding Buyers providing you "feedback" if your home dwells on the market too long, Lyn Sims ... as well as the reference to "deferred maintenance".  Your report and comments are spot on .. and well done, Lyn ...

Gene

Oct 25, 2017 03:14 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Great advice Lyn. I concur with the above comments - you are the one to hire for real estate needs in Schaumburg, Illinois. 

Nov 05, 2017 06:15 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

We are in a very similar market here, Lyn. Hopefully how soon we'll level off - I like a neutral market - it makes negotiating much for fun too!

Wonderful market report for the Schamburg IL real estate market.

Nov 24, 2017 08:03 PM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Lyn, you are demonstrating your market knowledge with this report. Buyers and sellers would do well working with you!

Dec 01, 2017 12:58 PM