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Schaumburg IL Area Real Estate Market Update - Sept 2015
Real Estate Market Update - Northwest Suburbs - September 2015This is the place to get those Northwest Suburban real estate questions answered!
Our Northwest Suburban inventory level is now declining overall since June. You've still have to price your home right & stage it to sell if you want to sell quickly as we are going into the winter months. I have noticed that sellers are having huge price reductions very frequently in order to compete with other sellers. 
 
What about Prices?  Prices have virtually stayed the same during this 3rd quarter but increased overall from 2014. All real estate is local so each different neighborhood and town is reacting differently to the market. Recovery can be slow as some subdivisions & some models still have not had any sales since reaching market bottom. Can't have any prices increases if there are no listings to sell!
Average Days on the Market tells homeowners how long it's going to take to sell their home! Each market area is selling differently. If your home is currently on the market for over 90 days, buyers are telling you to change your price or change your condition! For September, days on market was up for both categories.
With this amount of inventory level we are in a stable market where ... more

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