Despite continued pandemic restrictions and a new federal administration, many home buyers are jumping into the Spring market before it's even Spring. The following is the available homes for Naperville in the single family detached category:
Active Single Family Homes - 191
New - 27
Reactivated - 1
Price Change - 7
Contingent - 242
Pending - 39
Closed Sales in January 2021 - 83 vs. 80 in January 2020
With more homes under contract than currently available homes the trend of lower inventory and more homebuyer's appears to be continuing in 2021 despite the pandemic.
With interest rates still historically low, buyers can afford more higher home prices although they may have to be involved in the "multi-offer" scenario that only sellers enjoy!
With over 25% of Naperville's inventory in homes in the $1M and above price range it doesn't matter if you are just starting out or have reached the top of your career - we can find the right home for you in your price range!
If you are tired of living in your small apartment and are ready to take the next step in "adulting" get your financial home in order and contact a mortgage lender. Don't know any?
I will be happy to introduce you to a few that will quickly give you the truth on whether you qualify for a home in 2021. With pre-approval in hand, give me a call and let's start your search for the perfect home for You!