If March 2021 is any indication of what the spring real estate market will bring - you can expect multi-offer situations to be the norm instead of a once in a while situation.
The numbers speak for themselves with a 43.9% increase in sales from 2020's 41 sold homes to 59 homes in 2021. Average market time dropped 45.7% to only 57 days vs 105 days in 2020. The median Sale Price rose 14.6% to $326K from 2020's $284,369 in March.
Current available homes in Oswego, IL as of 4/172021 - 62 total available - the breakdown is as follows:
New - 11 Price Change - 12 Active - 25 - Active PLN - 14 = Total Active - 62
Under Contract - 124
Pending - 5 (1 PL)
With more homes under contract than in current inventory buyers need to be on their toes with strong pre-approvals and little to no requests for Seller Concessions to get the home they really want.
Wondering if you are ready to jump into today's real estate market? Give me a call so I can advise you on the best way to achieve your dreams of owning your own home!