The things that you will need to know if you are planning on selling is how is the market doing 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? 10% of total homes listed in October. This percentage 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.
What is the inventory level in Hoffman Estates?
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 6.3 months of inventory for October which is the highest so far in 2019.
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 October it was 103 days on the market. It has been increasing over the last 3 months.
Average Hoffman Estates home price for August was $333,700.
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.