Hoffman Estates Homes - Hoffman Estates IL Real Estate - Housing Market Info March 2016
Looking for current and concise market information for your Hoffman Estates 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 for Hoffman Estates Homes has dipped then increased. We have 32% less in housing inventory then we did a year ago. There is still much competition and current market time averages 44 days to contract.
An excellent indicator that the Hoffman Estates housing market is continuing to improve is the percentage of homes that go under contract each month. Currently we are at 33% for homes and 42% for townhomes/condos.
What about the Days on Market? That has stayed the over the last year with average days on market for listed homes being 66 days.
I'm positive about our market in Hoffman Estates! 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. Because of our lower inventory level we have moved into a 'sellers market' but prices have not increased nor days on the market decreased. Prices will not increase until demand outpaces the inventory.
If you are thinking of buying a Hoffman Estates 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 home in Hoffman Estates, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.
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Sources: MRED, Agent Metrics, my little pencil.
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