Here's the things you will need to know if you are planning on selling in Schaumburg! How is the market doing? Here's a few stats to give you an idea.
What is the percentage of homes that are going under contract each month in Schaumburg? 17% of total homes listed in November. 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.
What is the inventory level in Schaumburg?
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 3.8 months of inventory for November. Compared to 2018 inventory it's 24% less.
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. For November it was 57 days on the market.
Average Schaumburg home price for November was $341,000.
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 lower increasing your purchasing power.