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 Schaumburg market –
Single Family Homes - Schaumburg averages 33 home sales a month. Inventory is down substantially. The percentage of homes going under contract each month is 21 to 28%. Average Sold Price was $278,486 for the 1st quarter of 2015.
Multi-Family Homes - Schaumburg averages 47 sales per month. Inventory is down slightly less than single family homes. The percentage of homes going under contract each month is 22 to 36% which is higher overall than single family. Average sold price was $150,774 for the 1st quarter.
Looking for a home in Schaumburg? 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 low and many different programs are available depending on your down payment.
These are the current market numbers and availability for housing types in Schaumburg. Lots of great selections and opportunities are available for today's buyers.
To search for homes currently available in Schaumburg, please go directly to my site to get started. Homes Condos/Townhomes
Other interesting articles for sellers and buyers are available at www.LynSims.net to help make you market savvy. Prefer Pinterest? I'm there as well supplying lots of helpful information too.
Any questions that you need answered, please email or call.
Northwest Suburbs Market Report - April 2015
See the market improvements in real time for Schaumburg Homes
See the market improvements in real time for Schaumburg Townhomes/Condos