Schaumburg Area Home Sales for July 2018

Real Estate Agent with RE/MAX Suburban

How is the real estate market doing so far in 2018?

For July, how are prices doing?  Remember that every subdivision and town 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.  Maybe you are also thinking of moving?

schaumburg area home salesOur real estate market is still considered a sellers market but inventory has increased over the last month by 9%.  It's too early for the winter market slow down so don't worry.

If your home is currently on the market for 30 days or more, buyers have given you feedback on your condition, 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. Buyers want the house with the least amount of work! I see & hear it every time I show property.


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

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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

HI Lyn... boy oh boy, would I love to see our inventory increase by 9%!

Aug 24, 2018 10:10 AM #1
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Sellers have to look at the market as if it's a sports competition, Lyn Sims ... because you're absolutely right, it is competitive out there and buyers will not give serious thought to a home in poor shape or dirty and cluttered. 

Great news that the inventory has seen that % of increase ... keeping my fingers crossed that it's a positive trend in that respect ...


Aug 29, 2018 12:20 PM #2
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Lyn.  Thanks for keeping us informed about the Schaumburg area real estate market.

Sep 02, 2018 04:51 AM #3
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Lyn, I love your market report style - very easy on the eye, clear & concise, yet chocked-full of  great information on Schaumburg. 

I hope you enjoy your Labor Day weekend!

Sep 02, 2018 09:20 AM #4
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Lyn Sims

Schaumburg IL Real Estate
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