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Schaumburg Housing Prices - June 2020
Most people that I talk with are concerned about how COVID-19 is effecting real estate. Will values stay the same? Will they decline?
Honestly at this time, I can tell you what I have noticed with as many numbers or trends as I can gather for you. Before your eyes glaze over when I mention numbers, I'll be sure to explain how they will effect you.
Just a disclaimer that real estate is a funny creature. One subdivision or town might be effected harshly & others will be fine. This is the way of the world so this report is a generality.
Now in our Schaumburg Market, things have returned to numbers expected. We still have showings taking place with precautions taking place & homes selling at a faster pace than the 2019 year.
So in conclusion, the market is still moving forward we just have to do things in a different way. Closings are not attended by anyone in the same room or attorneys are explaining documents virtually. There is no more shaking hands at the table. It will be the 'new way' & we will have to adjust to everything that gets thrown at ... more
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