Schaumburg IL Area Real Estate Report - July 2017

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/56tB

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

schaumburg IL area real estate marketThis is the place to get all your real estate questions answered!

What are Prices Doing?  Average sales prices are increasing every month and across the board. 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.

With our decreased amount of inventory for July we are definitely in a sellers market based on past statistics. Inventory has decreased between 28% to 42% from 2016 depending on which town you live in. With this low inventory the market has turned toward a sellers market with price increases on the horizon. In July, I have seen multiple offers again on my listings netting the seller more than expected.

If your home is currently on the market for 30 days or more, buyers are giving you feedback 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 gravitate towards another home with a better price or more updates for the price.

lyn sims remax

  



lyn sims remaxLook 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.

 




June 2017 Report

 

Posted by

 

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

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois Cook County Hoffman Estates

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
146,408
Dr. Karen Lewis, Broker 305-3231556
K1 Realty Group - Pembroke Pines, FL
Residential for Sellers and Buyers in S. Broward

Lyn Sims Happy Monday..Great blog to read..I like the connect the dots..That's also interesting about the multiple offers..I have not seen them in awhile..I tend to see a few of investment properties that I listed..

Aug 14, 2017 02:02 PM #1
Rainmaker
1,516,786
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Thanks Karen Jones Lewis, MBA, Realtor for stopping by.

Aug 15, 2017 10:39 AM #2
Rainmaker
1,908,022
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Lyn Sims

Very informative and detailed market report

Aug 30, 2017 04:13 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,516,786

Lyn Sims

Schaumburg IL Real Estate
Need help with Schaumburg Area Real Estate?
*
*
*
*
Spam prevention

Additional Information