How have Schaumburg Home Showings changed since COVID-19?

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Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5mK5

There are many things that are happening in the Schaumburg Area Real Estate Market & some are very good. Showings have been impacted (graph is Illinois) but I wanted to show that not all real estate has stopped dead in its tracks.

We have had many transactions already in the works & they have closed successfully. So this graph shows that showings so far over these last few weeks have been down by 22% across IL. Following the end of the month, we will get another number but don't forget that this has never happened before in any market.

Another surprising figure that I hope will continue into the Spring Market is that homes are still selling over list price. According to CoreLogic, 29% of homes sold so far this year are selling over their listing prices. Obviously, this was before COVID-19 but housing is still competitive & buyers are still clamoring to get their new house as predicted.

So I am here with any real estate numbers, stats or questions that you might have. I'd be happy to answer your questions.

 

illinois real estate showings

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Illinois Cook County Schaumburg
Tags:
schaumburg home sales
covid home prices
schaumburg area real estate market

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Rainmaker
597,655
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update Lyn, fewer buyers out an about, yet those who are looking are likely very serious about buying.

Sally

 

Mar 27, 2020 01:26 AM #1
Rainmaker
3,549,805
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lyn. Serious buyers are out there. Some sellers are pressed to sell. The knowledgeable agent knows how to make pairs. Enjoy your day!

Mar 27, 2020 04:13 AM #2
Rainmaker
3,437,776
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Lyn... the first half of our March didn't show much change. I have a feeling that some of our momentum will be down once last week's and this week's numbers are out. In my area, we have been labelled as a non-essential busines/service and in-person home showings are prohibited. I've seen a number of properties, including two in my own neighborhood, withdraw from market for the time being.

Mar 27, 2020 05:28 AM #3
Rainmaker
2,172,006
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

When it comes to Lyn Sims in Schaumburg, thy neighbors can love and trust! I can't think of a better person in the business, than Lyn Sims. 

Mar 27, 2020 10:57 AM #4
Rainmaker
1,817,258
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I didn't realize that showing time provides information like that - our market stats are monthly and I am more interested in what is happening weekly - I will check out showingtime.  thanks

Mar 29, 2020 04:49 AM #5
Rainmaker
1,266,789
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Good to hear that your experiences have been positive ones regarding getting to the Closing table, Lyn Sims ... as mine have been the same.  Definitely a few more hoops to jump thru at times, but all but one has ended successfully.  The one that didn't close. came to an abrupt halt for other reasons that had nothing to do with the virus challenges.  We'll keep our fingers crossed that this remains true moving forward ...

Gene

Apr 07, 2020 12:04 PM #6
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Rainmaker
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Lyn Sims

Schaumburg Real Estate
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