Schaumburg's Home Inventory is Low - June 2019

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Real Estate Agent with RE/MAX Suburban
schaumburg home inventory

 

How are those prices doing?


Remember that every subdivision and town is responding differently if and 'when' a home in the area goes on the market. What about you? Thinking that now is the time to move? Prices increased slightly overall. Find out exactly where your home stands by calling me for an evaluation.

 

Sellers or Buyers Market?

With our overall amount of inventory we are still in a sellers market. Inventory has actually decreased from 2018 (11%). Get your home on the market!


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. Your particular subdivision will have it's own unique number. 

 

schaumburg home inventory 

 

How long to sell again Lyn?

As mentioned above, it depends. Yep it depends on you .... if you get your home ready for sale by staging it. It depends ... if you price your home right it should sell right away. If you don't do those marketing basics the market times vary from 27 to 69 days. 

 

Why are or aren't sellers moving?

There is a trend being seen that people in Illinois are selling & moving to states with lower overall taxing bodies. Especially in the Cook & Kane County areas, most homeowners are sick of the constant tax increases with very little value seen (2019 is a reassessment year on top of that). 

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

You too?  We also have very low inventory, therefore prices keep going up.

Jul 18, 2019 09:05 PM #1
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Rainmaker
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Lyn Sims

Schaumburg IL Real Estate
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