Schaumburg IL Area Real Estate Market Update - April 2017

Real Estate Agent with RE/MAX Suburban

Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - April 2017

This is the place to get all your real estate questions answered!

schaumburg IL real estate marketWhat are Prices Doing?  Average sales prices are increasing ever so slightly and slowly compared to other areas of the country. Every subdivision is responding differently if and 'when' a home in the area goes on the market. I would say that sellers are now pretty happy with prices or have decided that now is a good time to move along. Graph below is for Jan. to April 2017

With our decreased amount of inventory for April we are definitely in a sellers market based on past statistics. Inventory has decreased somewhere between 20% to 50% from 2016. With this low inventory the market should turn toward the sellers favor with price increases. Graph below shows the steady decline in homes for sale since 2008.

If your home is currently on the market for 60 days or more, current buyers are telling you something & you best listen. They are giving you feedback either on your condition, your price, or your location. With inventory this low there is no reason not to get an offer but buyers are not going to pay your price if you've got too much work or deferred maintenance.  They will just step over your carcass as they head towards another home with a better price or more updates for the price.

schaumburg real estate market

schaumburg area real estate


lyn sims schaumburg ILLook for an agent that can connect the dots?

Look for an agent that knows the market.

Contact me for questions on your neighborhood and current market details so you can make an informed decision.

Hey, want your home to sell faster?  Let my experience help guide you along the way.



Schaumburg Home Market Summary Jan. - March 2017

Schaumburg Townhome Market Summary Jan. - March 2017


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

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Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thank you for posting this useful information about your market.

May 14, 2017 03:08 PM #1
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Lyn Sims

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