Hoffman Estates Real Estate Market - April 2019

What are Prices Doing?  Average sales price ($326,000) a decrease of 4% from March 2018.  Sellers are now happy with prices or have decided that now is a good time to move. Some of life's choices say that it's time to do it. How about you? Are you thinking of moving?

With our overall amount of inventory we are still in a sellers market. Inventory has actually increased from 2018. Homes actually closing is up from 2018 by 5%.

Market time for homes going under contract for April is 79 days. Low inventory but yet houses are languishing on the market for 79 days? I would say that if you make sure your home shows the best in your particular price range you will 'win' with an offer. Many sellers don't get the correct information from their agent on how to get their home ready for today's buyers. I can show you how to make the most money & not waste your time showing your home for one minute more than it has to. Preparation is key!

Home prices averaged 97.5% of list in April. In other words, 2.5% off the list price.

Forecasters hope that the lowering of interest rates will spur sluggish/lackluster sales along. April's mortgage rate for a 30 year fixed is 4.2%.

Contact me for questions on your neighborhood and the most current market details so you can make an informed decision. No matter what the market, I'll get the job done!