How are Streamwood Homes Selling? March 2019

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5hSC
Real Estate Market Update in Streamwood - March 2019



What are Prices Doing?  Average sales price ($201,000) an decrease of 12% from March 2018.  Remember that every Streamwood subdivision is responding & recovering differently. That meansstreamwood IL real estate market "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. How about you? Are you thinking of moving?

With our overall amount of inventory we are still in a sellers market. Inventory has actually decreased from 2018 significantly (38%). This says get your home on the market!

Homes actually closing is down from 2018 by 28%.


Homes going under contract have increased over 2018 by 2.5%. Market time for homes going under contract is 41 days. This is definitely confusing isn't it?  Low inventory but yet houses are languishing on the market for that amount of time?

Home prices averaged 99.8% of list in March. This number is telling you that buyers are going to buy RIGHT NOW.


streamwood IL real estate marketBuyers have given you feedback on your condition, your price, or your location if your Streamwood home is on the market over 30 days. 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 more updates for that price. The home with the most updates wins with an offer.

Forecasters hope that the lowering of interest rates will spur sluggish/lackluster sales along. They did it at a good time of the year when the most purchases will usually be done.


Contact me for questions on your neighborhood and the most current Streamwood market details so you can make an informed decision. I'd love to start working with you.

 

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Topic:
Real Estate Market Trends
Location:
Illinois Cook County Streamwood
Groups:
2019 Market Reports
Tags:
streamwood il real estate
streamwood home prices

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Rainer
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Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Thanks for the info.

Apr 06, 2019 05:05 AM #1
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Thanks Bob Betel for stopping by to see what Streamwood is up to.

Apr 06, 2019 05:09 AM #2
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Rainmaker
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Lyn Sims

Schaumburg IL Real Estate
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