Hoffman Estates Townhomes & Condos - How is the real estate market?

Real Estate Agent with RE/MAX Suburban

Hoffman Estates IL Townhomes & Condos - Housing Market Stats for April to June 2017

Looking for current market information for Hoffman Estates IL Townhomes & Condos?  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 start talking about a few different market facets here - the months supply of hoffman estates townhomes & condosinventory for Hoffman Estates Townhomes & Condos has been steadily decreasing. We have 14% less in housing inventory then we did a year ago. Inventory levels 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 are still in the red due to the last few years slow appreciation. Possibly the market has recovered in your area enough for you to make your move?

hoffman estates townhomes & condosAnother indicator that the Hoffman Estates market is improving is the number of homes that go under contract each month. 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 Hoffman Estates and you should be too!  It's been constantly 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 markethoffman estates townhomes & condos neither favoring sellers or buyers to a sellers market. Some selective townhomes or condos have been flying off the market during our 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.

What about those Days on Market?  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 hoffman estates townhomes & condosprice. 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. 

hoffman estates townhomes & condosIf you are researching this update to possibly sell your Hoffman Estates 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 Hoffman Estates IL Townhome or Condo, I will act as your advocate for your purchase. An experienced veteran, like myself, can advise a strategy and help you take advantage of current buying trends.

See how Hoffman Estates Townhomes & Condos have appreciated over the last 3 years
Hoffman Estates Townhome & Condo Market from Jan. to March 2017
Hoffman Estates Townhome Search

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

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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

If you know what you're doing, and you have a good Realtor, the market is good, even when it's bad for others.

Call Lyn Sims for expert real estate representation.


Oct 14, 2017 04:22 PM #2
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Lyn Sims

Schaumburg IL Real Estate
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