Nationally sales have seen an expected upswing for March. But inventory still remains low in our surrounding Schaumburg Area. March numbers had only 1.8 months of inventory 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?
Welcome to the Spring Market.
Schaumburg Home Stats March
Schaumburg Townhome/Condo Stats March
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I'd like to see what Schaumburg Home Prices have done over the last 3 years