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Schaumburg Area Real Estate for August 2018
How is the real estate market doing so far in 2018?
For August, how are prices doing?
Remember that every subdivision and town is responding differently if and 'when' a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move. What about you?
Sellers or Buyers Market?
Our real estate market is still considered a sellers market but inventory has increased over the last month by 1%. It's too early for the winter market slow down so don't worry.
If your home is currently on the market for 30 days or more, buyers have given you feedback on your condition, 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 that price. Buyers want the house with the least amount of work! I see & hear it every time I show property. Your particular subdivision will have it's own unique number.
Is it ... more
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