There are many great Chicago area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (630) 674-2051 for a FREE home buying or selling consultation to answer any of your real estate questions.
For home sellers in the in DuPage County and the western Chicago-suburban area, I have great news!
• We have seen a 10% increase in home values over the past calendar year
• The average sale price has risen to $285,000
• The inventory of homes available today is 25% lower than it was in March 2013
• The market time has dropped 33% and homes are spending an average of 106 days on the market until they get to contract.
This is all phenomenal news for home sellers! Of course, there are certain price points in the market that are selling quicker than others, but across the board these are great averages and positive signs. This market is not just favoring the sellers; there are ample opportunities for buyers as well!
The driving forces behind these positive numbers are that bank foreclosures are coming on the market higher than they have historically. This is due to the fact that they are in better physical condition, there are fewer short sale properties on the market and banks are requiring higher returns on investments making them cumbersome and difficult to work with.
You will also begin to see more new home construction across the board, which is a great sign of economic recovery. If you couldn’t sell in the past, you could probably do so now. We’re looking at a very strong spring market and interest rates are still at great levels!
If you would like to know how the market will work in your specific situation, don’t hesitate to give me a call. Thanks and have a great day!
• We have seen a 10% increase in home values over the past calendar year
• The average sale price has risen to $285,000
• The inventory of homes available today is 25% lower than it was in March 2013
• The market time has dropped 33% and homes are spending an average of 106 days on the market until they get to contract.
This is all phenomenal news for home sellers! Of course, there are certain price points in the market that are selling quicker than others, but across the board these are great averages and positive signs. This market is not just favoring the sellers; there are ample opportunities for buyers as well!
The driving forces behind these positive numbers are that bank foreclosures are coming on the market higher than they have historically. This is due to the fact that they are in better physical condition, there are fewer short sale properties on the market and banks are requiring higher returns on investments making them cumbersome and difficult to work with.
You will also begin to see more new home construction across the board, which is a great sign of economic recovery. If you couldn’t sell in the past, you could probably do so now. We’re looking at a very strong spring market and interest rates are still at great levels!
If you would like to know how the market will work in your specific situation, don’t hesitate to give me a call. Thanks and have a great day!
