How's the first quarter 2019 for real estate in Schaumburg? Here's the things that you will need to know currently in Schaumburg. I've provided a few graphs to help give you an idea.
What is the percentage of homes that are going under contract each month in Schaumburg?
This tells you if the market is flat, on the upswing or declining based on homes going under contract. It shows you the 'action' that buyers are taking in the market.
What is Schaumburg's inventory level?
This is told in the months of inventory level. The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market for quite some time with lower inventory. Inventory fluctuates per month and is usually the highest in the winter months.
This is the average of ALL sales across the board for each month. This gives you an idea of what is the most popular price range. In the past, lower average prices means that 1st time home buyers are pushing the market forward.
How many days does it take for an average home in Schaumburg to sell?
This tells you exactly how long a home sale took from 1st day on market to contract acceptance. I think that many people will be shocked to see the higher numbers as we have been told by the 'talking heads' in the media that homes are flying off the market. That's not really the truth is it for our area? There are homes that are selling quickly & those that are taking longer. We should only be concerned what is going on in our own backyard.
If you are researching this update to sell your Schaumburg home, please contact me to discuss the advantages of my marketing program putting your home front & center. Let's get your home 'SOLD'. Contact me here.
If you are thinking of buying a home in Schaumburg, I can 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. Contact me here.