Streamwood Homes - Is it a good time to sell right now?

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Real Estate Agent with Streamwood, Elgin IL Real Estate - RE/MAX Suburban Here's the Blog Dog
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Streamwood IL Homes - Housing Market Stats for January to March 2017

Looking for current and concise market information for Streamwood IL Homes?  You've come to the right place and I've actually been seeing a constant improvement over the last year.  Interest rates have been low with great affordability and more and more people realizing that it's cheaper than rent.

Let's talk about a few different market facets here - the months supply of inventory forstreamwood homes Streamwood IL Homes has been steadily decreasing. We have 37% less in housing inventory then we did a year ago. This is unprecedented. The tables have finally turned in the sellers favor!

Move-up buyers have been watching and waiting to move up to that larger home and also take advantage of these interest rates.  Just one problem - some people still can't sell their current home. Some people are still in streamwood homesthe red due to the last few years slow appreciation. Same conditions for people that want to downsize.

Another indicator that the Streamwood IL market is improving is the number of homes that go under contract each month. Numbers here are also unprecedented with 37% of homes going under contract in March.  In the first time home buyer price point under $200,000 there have been multiple offer situations on most properties. The market is heating up and buyers can't believe that this is truly happening. Lose out on a few homes and your strategy will have to shift.

I'm positive about the market in Streamwood and you should be too!  It's been constantlystreamwood homes 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 have transitioned from a balanced market neither favoring sellers or buyers to a sellers market. Homes will be flying off the market (don't look at those market times ...) in our full spring selling season. First time and move-up buyers are going to have a rough time with multiple offers which is happening now more and more frequently. Buyers are no longer in control of the market.

streamwood homesWhat about those Days on Market?  That is currently a little confusing at 87 to 107 days. Most homes are selling quickly within 30 days. There will always be some homes that take longer. If your home has not sold within the first 30 days I would say that buyers are telling you your price is too high or they do not like your condition for the price. Buyers do not want to do any work or do the least amount for that price. Does that include your home?

The graph on average prices does indicate that prices are on the rise but can change each month according to obvious sales. 

streamwood homesIf you are researching this update to possibly sell your Streamwood IL Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.

If you are thinking of buying a Streamwood IL Home, I will act as your advocate and '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 current buying trends.




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