Hoffman Estates has High Housing Inventory - June 2019

Real Estate Agent with RE/MAX Suburban

hoffman estates real estate


How are those prices doing?

Remember that every subdivision in Hoffman Estates 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 8% 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 increased from 2018 by 36%. This could be the subtle changeover from that Sellers to a Buyers Market that has been anticipated.


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 averages are 68 to 139 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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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


Our Floridian contingent has been promoting to those high tax states, with good results.  It is a definite trend that we are also seeing.  A

Jul 19, 2019 11:04 AM #1
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Lyn Sims

Schaumburg IL Real Estate
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