Are Home Sales Slowing in Schaumburg? August 2019

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Real Estate Agent with RE/MAX Suburban

schaumburg real estate market

The things that you will need to know if you are planning on selling is how is the market doing currently in Schaumburg. Here's a few stats to help give you an idea.

What is the percentage of homes that are going under contract each month in Schaumburg?  18% of total homes listed in August. 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 inschaumburg real estate market the market.

What is Schaumburg's 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.  It is 3.4 months of inventory for August which is 17% less than August 2018.
 

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. For August it was 71 days. It has been increasing over the last 3 months.

Average Schaumburg home price for August was $335,300.

 

 

So is the Schaumburg housing market slowing down? I say NO but it is taking longer than expected to sell. 

 

If you are reading this update to sell your Schaumburg home, please contact me to discuss my marketing program putting your home front & center. Let's get your home seen and 'SOLD'.

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. The interest rates are down increasing your purchasing power.

 

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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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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I’m hoping at home sales increase within the next two months. Let’s hope for a great things! :)

Sep 24, 2019 10:27 PM #1
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Rainmaker
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Lyn Sims

Schaumburg IL Real Estate
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