Are Schaumburg Home Sales Slowing down in Fall?

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Real Estate Agent with RE/MAX Suburban

schaumburg home sales

 

Here's the things that you will need to know if you are planning on selling 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?  14% of total homes listed in October.  This tells you if the market is flat, on the up or decline based on homes going under contract. It shows you the 'action' that buyers are taking in the market. Buyers are not in a rush with this percentage - market is cool that's for sure.

 

How is Schaumburg's inventory level?schaumburg real estate


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 and the lower the level of homes the better the market is for a seller.  It is 4.7 to 5 months of inventory for October which is the highest so far in 2019.
 

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 October it was 97 days on the market. It has been increasing over the last 3 months.

Average Schaumburg home price for October was $347,000.

 

are schaumburg home sales slowing

 

 
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 great 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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Thank you for keeping us updated on what's happening in your local area.

Nov 10, 2019 11:43 PM #1
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