Here's the things that you need to know if you are planning on selling in Hoffman Estates. Let's go through a few graphs to help give you an idea.
What percentage of homes are going under contract each month in Hoffman Estates?
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. More is better.
What is the inventory level in Hoffman Estates?
This is told in the months of inventory level. The lower the level of homes on the market the better it is for a seller. Currently we have been in a sellers market for quite some time. Inventory fluctuates per month and is usually the highest in the winter months.
What are prices doing in Hoffman Estates?
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 Hoffman Estates 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. Some houses sell quickly, others take longer for whatever reasons.
If you are researching this update to sell your Hoffman Estates 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 to get started now.
If you are thinking of buying a home in Hoffman Estates, 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.