Hoffman Estates IL Homes - Is the market really improving?

People always ask me “How many homes are selling?  Is the market getting better?" Well that seems to make a difference is what area or subdivision you live in.  It’s really not an evasive answer.  Each area and subdivision is totally different!  Here’s what I can tell you about the overall Hoffman Estates market –

Single Family Homes -  Hoffman Estates averages 58 home sales a month.  Inventory is down substantially.  The percentage of homes going under contract each month is 26 to 32%. Average Sold Price was $265,000 for the 2nd quarter of 2013.

Multi-Family Homes - Hoffman Estates averages 34 sales per month. Overall inventory is higher than single family homes.  The percentage of homes going under contract each month is 29 to 33% which is higher overall than single family.  Average sold price was $104,300 for the 2nd quarter.

Looking for a home in Hoffman Estates?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are still affordable and many different programs are available depending on your down payment. 
 
These are the current market numbers and availability for housing types in Hoffman Estates.  Lots of great selections and some 'handyman specials' are available for buyers trying to a leg up on equity by doing the work themselves!
 
To search for homes currently available in Hoffman Estates, please go directly to my site to get started.     Homes     Condos/Townhomes

 
Other interesting articles for sellers or buyers are also available at www.LynSims.net  to make you market 'savvy' before you start your home search! Any questions that you need answered, please email or call.


Northwest Suburbs Market Report - June 2013