Where Are Homes Selling in The Fox Valley?

By
Real Estate Agent with RE/MAX All Pro 475.102921

If you live in one of these Fox Valley neighborhoods, you should sell!

sellers market

As we've been blogging about for the last several months, conditions are favorable in many Fox Valley neighborhoods to sell your home right now.  Buyers are plentiful and housing inventory is low making for a perfect sellers market.

If you live in any of these neighborhoods and have considered moving, now would be the time!

The following data was compiled from the Multiple Listing Service on Tuesday, February 2nd, 2016.  It looks at any Fox Valley neighborhood that had 5 or more homes close in the last 6 months.  This is a good indicator that buyers are interested in these neighborhoods.

Next we looked at how many homes are currently for sale and this gives us the current months supply of housing.  A stable housing market is one in which there is 5-6 months worth of inventory.

Anything below that and we're in a sellers market where a home seller can expect a quicker sale and higher than normal sales price.  Anything over 6 months worth of inventory puts us in a buyers market where the number of days on market increases and sale prices begin to dip.

So let's see what we're looking at throughout the Fox Valley.

St Charles

Geneva

Batavia

If you have questions about real estate conditions in your neighborhood, give us a call at (630) 488-3300 or check us out online at kombrink.com.

Posted by

Matt Kombrink Broker, CDPE, SFR
RE/MAX All Pro
St Charles, Illinois
(630) 488-3300

Facebook Blog

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois Kane County
Groups:
Chicagoland and Northern Illinois Real Estate
Illinois Real Estate
Local Expert
Advice for Sellers
Advice for Buyers
Tags:
real estate market
buyers market
sellers market
housing inventory
batavia il
geneva il
fox valley
st charles il

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,349,287
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great post and title!  I am sure you will get a ton of calls from it!

Feb 08, 2016 10:47 PM #1
Rainer
258,589
Matt Kombrink
RE/MAX All Pro - Saint Charles, IL
Your #1 Source For Real Estate

Well thanks, I hope so.  There are some great opportunities for sellers right now!

Feb 08, 2016 10:47 PM #2
Post a Comment
Spam prevention
Show All Comments

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

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

Rainer
258,589

Matt Kombrink

Your #1 Source For Real Estate
Have a question about our local market?
*
*
*
*
Spam prevention

Additional Information