National Housing Report - March 2017

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/52wb

Inventory still remains low in our surrounding Schaumburg Area. February's numbers here showed 1.2 months of inventory for townhomes & condos in Schaumburg alone. In all my years in the business I have never seen the inventory so low.

This brings about a problem for buyers - There isn't enough inventory possibly to choose from. The homes that are updated with relatively no work to do will be snatched off the market quick. Will they go over the list price - eventually they will if more inventory does not fill the void.

Not a problem for sellers though. It will not take long to sell your home obviously & prices should rise because of it. It will be tough if you are trying to transition from one smaller home to a larger one as will there be inventory for you?

Time will tell as the spring market has really just begun.

Search Schaumburg Area Homes

Search Schaumburg Area Townhomes or Condos

real estate market report

Posted by

 

lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois Cook County Schaumburg
Tags:
national real estate report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,249,415
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lyn

Well done report . . . . thanks for sharing the information.

Good luck and success.

Lou Ludwig

Mar 30, 2017 09:08 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?

Rainmaker
1,573,064

Lyn Sims

Schaumburg IL Real Estate
Need help with Schaumburg Area Real Estate?
*
*
*
*
Spam prevention

Additional Information