Are Streamwood IL Homes Selling?

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5bnG

Real Estate Market Update in Streamwood - February 2018

What are Prices Doing?  Average sales price ($217,000) an increase of 15% from February 2017.  Remember that every subdivision is responding differently if and 'when' a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move.  Are you thinking of moving?

With our overall amount of inventory we are in a sellers market. Inventory has decreased from 2017 overall by 30%. With this overall low (supply & demand) inventory price increases have to be expected.

streamwood IL homesHomes going under contract have decreased over 2017 by 18% just because there isn't a good enough supply or the home and buyer are not a good match .  Market time for homes going under contract is 70 days. This is definitely confusing isn't it?  Low inventory but yet houses are languishing on the market for over 60 days?

Streamwood homes have sold for 97% of list in February.

If your home is currently on the market for 30 days or more, buyers have given 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 that price.




streamwood IL homesLook for an agent that can connect the dots.

Look for an agent that knows the market.

Contact me with questions on your neighborhood and the most 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.

 



January 2018 Report

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Illinois Cook County Streamwood
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2018 Market Reports
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Sounds like a great time for sellers in Streamwood IL to list.   The only hesitation would be what they are going to buy, since inventory is tight.  I'm sure you know the ins and outs of dealing with that.

Mar 19, 2018 04:32 PM #1
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Lyn Sims

Schaumburg IL Real Estate
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