National Housing Report - February 2017

By
Real Estate Agent

The tug-of-war between rising National home sales and shrinking inventory is escalating and the pressure is showing in home sale statistics for January. The month topped all other January's in our report's nine-year history with the most sales, highest sales prices and fewest days on the market. It was quite a start for 2017! 

Here's the scoop:

1. Home sales increased

2. Sales prices rose

3. Homes selling faster

4. It's still a seller's market


If you are thinking of selling your home here in the Schaumburg Area, please feel free to call me so I can update you on what is going on locally in your own subdivision.  Every month I publish a local report on our sales & activity so you can keep up to date. It's a sellers market here currently & we are hoping that the Spring Market will be terrific.

Sign up for your FREE Market Snapshot!  You'll receive the latest trends for your neighborhood, for sold homes, properties active on the market and days on the market. You can also view information about schools & the overall community.

 national housing trends

 

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  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)962-7104
 
 
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Comments (4)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lyn, great post, and the real estate markets do definitely differ in parts of our Country!  

Mar 01, 2017 10:53 AM
Lyn Sims

It is really true & the media makes people forget that what's happening in Colorado is not necessarily happening in our area.

Mar 01, 2017 11:44 AM
Kathy Goldman
REVA Online | SEO Boost For Real Estate, Social Media Marketing for Real Estate and Real Estate Blogging Expert - Waukesha, WI
Social Media & Marketing for Real Estate

Lyn Sims This was a great post! Great info! 

Mar 01, 2017 11:38 AM
Lyn Sims

Thank you Kathy.

Mar 01, 2017 11:43 AM
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Lyn Sims That is a surprising report since it detailed the downturn of San Francisco home prices. I would have thought the demand was insatiable there!

Mar 01, 2017 04:38 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Lyn Sims thank you for taking the time to prepare and share this market insight.  It's just the type of information that buyers and sellers need.

Mar 01, 2017 06:36 PM