Been a little over a month sense the last update so here is more current information. Here is a quick overview of the single family market in Schaumburg, IL.
- Currently on the Market: 241
- Currently Under Contract: 35 **huge reduction from last month**
- Closed in the last 90 Days: 74
- Est. Inventory: 10 Months
- Lowest Price: $259,000
- Highest Price: $1,250,000
While the estimated inventory is lower based on the closings for the last 3 months the number that really stands out is "Currently Under Contract". With a reduction from 65 down to 35 homes under contract that means there are only about half as many homes selling as there was a month ago. This is a major sign of a slowing market.