So let me answer your real estate market questions --
What are Prices Doing? Average sales price ($331,000) has actually declined slightly from January 2017. Before you get upset please remember that every subdivision 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. How about you?
With our overall amount of inventory we are in a sellers market. Inventory has decreased 39% from 2017 overall. With this … (0 comments)
What have prices been doing? How long is it going to take to sell? When's the best time if there is one?
Let's start with Schaumburg prices and how the market overall has been doing. I've given you a graph that is interactive and will keep you continually updated on what prices will be doing. All you have to do is check back and see what's up. Voila ... mouse over the graph and there are the average selling prices in Schaumburg.
Next ... how long is all this is going … (1 comments)
This is the place to get all your real estate questions answered!
What are Prices Doing? 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 August we are still in a sellers market based on past statistics. Inventory … (0 comments)
Let's talk about a few key market facets here like the inventory supply for Schaumburg Homes has been steadily decreasing. We have 16% less in housing inventory then we did a year ago. Currently we are at the lowest inventory level I have seen in 30 years.
An excellent indicator that the Schaumburg housing market is continuing to accelerate is the percentage of homes that … (1 comments)
Lyn Sims offers market observations, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.
Real Estate Market Update in Schaumburg - January 2018
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