National Housing Report - April 2017

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/54gw

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

Search for Schaumburg IL Homes

Search Schaumburg IL Townhomes

I'd like to see what Schaumburg Home Prices have done over the last 3 years

 

housing & real estate report

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Topic:
Real Estate Market Trends
Location:
Illinois Cook County Schaumburg
Groups:
2017 Market Trend Reports
Tags:
schaumburg il real estate

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Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Lyn Sims ,

It sounds like a real problem for buyers in Schamburg IL. 1.8 months of inventory is low! We have been experiencing the same thing and its tough going for buyers!

Apr 28, 2017 05:13 PM #1
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Thanks for the mention Dorie. It's low inventory practically everywhere.

Apr 30, 2017 09:15 AM #2
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Rainmaker
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Lyn Sims

Schaumburg IL Real Estate
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