Are Homes in Hoffman Estates taking longer to sell? August 2019

By
Real Estate Agent with RE/MAX Suburban

hoffman estates 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 Hoffman Estates. 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 Hoffman Estates? hoffman estates real estate 14% of total homes listed in August which is just 'meh'.

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 Hoffman Estate'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 4.4 months of inventory for August which is 10% less than last year.
 

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. For August it was 107 days on the market. It has increased over the last 30 days.

Average Hoffman Estates home price for August was $314,000.

 

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

 

lyn simsIf you are reading this update to sell your Hoffman Estates 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 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. The interest rates are great increasing your purchasing power.

 

Posted by

 

lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
 
 
©2007-2021
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Tags:
hoffman estates home prices
hoffman estates inventory

Spam prevention
Show All Comments
Ambassador
2,343,570
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Hi there,

Thank you for sharing about the housing market in your area.

 

Sep 12, 2019 11:07 PM #1
Rainmaker
3,888,832
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lyn. Thanks for the truth. It is hard to come by when people don't look at the facts to draw conclusions. Enjoy your day!

Sep 13, 2019 05:44 AM #2
Rainmaker
1,289,786
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

It's so important to work with a professional that can provide you the facts when thinking of selling ... or buying, Lyn Sims ... for those looking in your Hoffman Estates/Schaumburg area, they need to take note of this post.  You have the facts they need ...

Gene

Sep 16, 2019 09:11 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,675,830

Lyn Sims

Schaumburg Real Estate
Need help with Schaumburg Area Real Estate?
*
*
*
*

Additional Information