Schaumburg Homes - Schaumburg IL Real Estate - Housing Market Info June 2016
Looking for the current real estate market information for your Schaumburg Home? You've come to the right place so let's talk about house sales.
Let's talk about a few key market facets here - the months supply of inventory for Schaumburg Homes has been decreasing. We have 23% less in housing inventory then we did a year ago in 2015. There is still competition out there and current market time averages 72 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. Currently we are at 20% for homes and 33% for townhomes/condos.
What about the Days on Market? That has increased 11% over last year with the average days on market for listed homes being 74 days.
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 out paces our inventory.
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 possible land mines and help you devise a solid strategy.
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
Schaumburg Market Review March 2016
Sources: MRED, Agent Metrics, my little pencil.