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? 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.
If 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.