schaumburg area real estate: Schaumburg Real Estate Market for 2018 - What happened? - 01/25/19 01:19 PM
How did the real estate market end up in 2018?

So lets start with .... how are those 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? Prices increased slightly overall.
 
Sellers or Buyers Market?

Still a sellers market but the total sales are down from 2018. It ranges anywhere between -.5% to -13.7% for last year.  Inventory has increased over the last month collectively but it's … (4 comments)

schaumburg area real estate: Schaumburg Area Real Estate for August 2018 - 09/17/18 08:41 AM
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 … (1 comments)

schaumburg area real estate: Schaumburg Area Home Sales for July 2018 - 08/24/18 09:13 AM
How is the real estate market doing so far in 2018?

For July, 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.  Maybe you are also thinking of moving?

Our real estate market is still considered a sellers market but inventory has increased over the last month by 9%.  It's too early for the winter market slow down so don't worry.

If your home is … (4 comments)

schaumburg area real estate: Schaumburg IL Area Real Estate Market - September 2017 - 10/17/17 10:02 AM
Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - September 2017

This is the place to get your real estate questions answered!

Is it Hot or Not?  Average sales prices are increasing every month and across the board. Every subdivision is responding differently if and 'when' a home in the area goes on the market. I would say that sellers are now pretty happy with prices or have decided that now is a good time to move.

With our decreased amount of inventory for September we are in a sellers market. Inventory has decreased between 20% to 30% from 2016 … (5 comments)

schaumburg area real estate: Schaumburg IL Area Real Estate Market Update - June 2017 - 07/13/17 12:08 PM
Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - June 2017

This is the place to get all your real estate questions answered!

What are Prices Doing?  Average sales prices have increased slightly and across the board. Every subdivision is responding differently if and 'when' a home in the area goes on the market. I would say that sellers are now pretty happy with prices or have decided that now is a good time to move.

With our decreased amount of inventory for June we are definitely in a sellers market based on past statistics. Inventory has decreased … (0 comments)

schaumburg area real estate: What are home prices doing in the Schaumburg Area & Nationally? - 03/31/17 08:27 AM
What are home prices doing in the Schaumburg Area & Nationally?

You can see by this report from FHFA that our region has increased around 5.87%. If you are moving out of state to another region you could actually be loosing money between ours in Illinois & a region possibly higher than ours. Illinois came in at 5.87%.

Every area has had a different rate of appreciation & recovery.

If you are looking at selling your home in the Schaumburg Area, you will need local news on your home & how it is doing currently in our marketplace.
 
 
 Map … (1 comments)

schaumburg area real estate: Northwest Suburbs Real Estate Market - October 2016 - 11/16/16 11:53 PM
Real Estate Market Update - Northwest Suburbs - October 2016

This is the place to get those Northwest Suburban real estate questions answered!

What are Prices Doing?  Average sales prices are relatively stagnant compared to other areas of the country. I think that overall we will do well for the year of 2016 but not as well as some areas of the country.  I have provided an infographic from RE/MAX that shows some of the national real estate 'action'.
 
Average Days on the Market increased from September around 20% higher.  We are now in the last push for the end of the year … (0 comments)

schaumburg area real estate: Northwest Suburbs Real Estate Update - August 2016 - 09/15/16 04:45 AM
Real Estate Market Update - Northwest Suburbs - August 2016

This is the place to get those Northwest Suburban real estate questions answered!
Each market segment is faring differently but one notice is that days on the market is down from the previous month of July again.
What are Prices Doing?  Average sales prices blipped upward slightly but are relatively stagnant compared to other areas of the country. Illinois price increases came in modestly at 2.9% which is in the lower range of a national survey (see chart).
Average Days on the Market came in lower again from the previous month due of July.  One thing that … (4 comments)

schaumburg area real estate: Schaumburg IL Area Real Estate Market - February 2016 - 03/14/16 05:41 AM
Real Estate Market Update - Northwest Suburbs - February 2016

This is the place to get those Northwest Suburban real estate questions answered!
Don't worry, we're just getting started - 2015 was the best year for existing-home sales since 2006. There were about 5.3 million homes sold last year nationally, and that was a 6.5 jump from 2014.  I feel that the market will continue to improve throughout the coming year.
What about Prices?  Average sales prices continue to be stagnant for the Midwest Area. The graphs below depicts the average prices by region & then by state for 2015. Illinois came in at 2.7% … (0 comments)

schaumburg area real estate: Schaumburg IL Area Real Estate Market Update - Nov 2015 - 12/23/15 02:25 AM
Real Estate Market Update - Northwest Suburbs - November 2015This is the place to get those Northwest Suburban real estate questions answered!
This month I'd like to show you the 2016 predictive survey from CoreLogic.
1)  Higher interest rates for all loan products
2)  Increased housing demand
3)  Inflation that outpaces rent levels - Rents have far exceeded their ability to afford them & it doesn't seem an end is in site. Good if you are a landlord, bad if you're the tenant obviously.
4)  Growing home sales & demand. They are expected to see sales equal that of 2007.
5)  Declining … (1 comments)

schaumburg area real estate: Northwest Suburbs Real Estate Update - April 2013 - 05/11/13 01:15 AM
Real Estate Market Update - Northwest Suburbs - April 2013 Welcome to the place to get those housing questions answered about the real estate market in the Northwest Suburbs!
Our local inventory level has continued to decrease and is now at insanely low levels. My assessment is that our recovery would be better suited if we had more inventory for the available buyers. Multiple offers in many price ranges make it tough to compete.

Not at that price! Based on these low inventory levels if your home is still 90 days or more on the market the buyers have deemed it overpriced for it's condition.
(1 comments)

schaumburg area real estate: Schaumburg Area Real Estate Update - March 2013 - 04/10/13 10:25 AM
Real Estate Market Update - Northwest Suburbs - March 2013 Welcome to the place to get those housing questions answered about the real estate market in the Northwest Suburbs!
Our local inventory level has continued to decrease and ended at extremely low levels. With this inventory level under 3 months this should be considered a sellers market.  And at these levels, buyers are scrambling for the lower price ranges. Sales levels are increasing but based on this inventory level, they should be crazy.

Nope, not for that price! Overall inventory is down but mixed with high market times make this market conflicted. The market is still not energized … (3 comments)

 
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Lyn Sims

Schaumburg IL Real Estate

Schaumburg, IL

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Address: 2311 W. Schaumburg Road, Schaumburg, IL, 60194

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Lyn Sims offers market comments, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.


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