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Elgin IL Townhomes & Condos - What's the market doing?
Elgin IL Townhomes - Elgin IL Condos - Housing Market Stats for January to March 2017 Looking for current and concise market information for Elgin IL Townhomes & Condos?  You've come to the right place and I've actually been seeing a constant improvement over the last year.  Interest rates have been low with great affordability and more and more people realizing that it's cheaper than rent. Let's talk about a few different market facets here - the months supply of inventory for Elgin IL Townhomes & Condos has been steadily decreasing. We have 48% less in housing inventory then we did a year ago. This is unprecedented. The tables have finally turned in the sellers favor! Move-up buyers have been watching and waiting to move up to that larger home and also take advantage of these interest rates.  Just one problem - some people still can't sell their current home. Some people are still in the red due to the last few years slow appreciation. Same conditions for people that want to downsize. Another indicator that the Elgin IL Townhome & Condo market is improving is the number of homes that go under contract each month. Numbers here are also unprecedented with 37% of homes ... more

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