What's up with Home Sales in Hoffman Estates? November 2019

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5lJd

hoffman estates home sales 

Here's the things you will need to know if you are planning on selling in Hoffman Estates!  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 Hoffman Estates?  15% 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.hoffman estates home sales

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 4.2 months of inventory for November. Compared to 2018 inventory it's up 8%.
 

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. For November, it was 96 days on the market. 

Average Hoffman Estates home price for November was $335,000.

 

hoffman estates home salesIf 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 low 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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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lyn,  Great information for buyers and sellers in your area and for us also here in the Rain.

 

Dec 18, 2019 01:08 PM #1
Rainmaker
3,594,892
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lyn. Thanks for the wakeup call for me who has been away from the suburban market for many years. Enjoy your day!

Dec 19, 2019 04:55 AM #2
Rainmaker
2,187,367
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

This may sound crazy but I was just talking to my sister on the phone a few days ago and she mentioned she had a five car accident at Woodfield Mall. The first thought that popped into my head was Lyn Sims. Then, I got back on tract and asked her how she was and her car. 

Merry Christmas Lyn and Happy New Year! 

Dec 24, 2019 06:09 PM #3
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Lyn Sims

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