Schaumburg Homes - Housing Market Info December 2014

Real Estate Agent with RE/MAX Suburban

Schaumburg Homes -  Schaumburg IL Real Estate - Housing Market Info December 2014

Looking for current and concise market information for your Schaumburg Home? You've come to the right place so let's delve right into the information.

Let's talk about a few key market facets here - the months supply of inventory forSchaumburg Homes  Schaumburg Homes has been steadily increasing. We have 42% more in housing inventory then we did a year ago. There are many competing homes and current market time is 114 days to contract.

An excellent indicator that the Schaumburg housing market is continuing to improve is the percentage of homes that go under contract each month. We are 54% above 2013 levels which shows you how slow it really was last year. Currently we are at 13% for homes and 27% for townhomes/condos. Even though inventory has increased, homes going under contract have kept a level pace!       

What about the Days on Market?  That has improved 30% over last year with the average days on market for listed homes being 102 days.

Schaumburg HomesI'm positive about our market in Schaumburg!  It's been constantly improving from the number of homes that go under contract each month to the average sold prices.

Please remember that during the past year we experienced a balanced market neither favoring sellers or buyers. First time home buyers are moving the market and will continue to do so in 2015.

Distinct change -  there is a better overall mix of regular transactions and what you couldschaumburg homes consider regular pricing with lower short sales and foreclosures. Sorry to say there are no significant price increases at this time. The mainstream media might be reporting it, but prices are not increasing in our area.

If you are thinking of buying a Schaumburg Home, I hope you'll consider me as a 'buyers agent'  for your purchase. An experienced veteran, like myself, can steer you around all the rough patches, advise a strategy and help you take advantage of buyer trends.

If you are researching this update to possibly sell your Schaumburg Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.

Search for Schaumburg IL Homes
Schaumburg IL Townhomes
Schaumburg Community Overview

Sources:  MRED, Agent Metrics, my little pencil. 

Posted by


lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Illinois Cook County Schaumburg
Market Reports
Local Real Estate Market Reports
schaumburg home average prices

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Lyn Sims

Schaumburg Real Estate
Need help with Schaumburg Area Real Estate?

Additional Information