What’s Going on in the Chicagoland Real Estate Market?
The end of 2018 is drawing near in the Chicagoland real estate market.
Here’s what the numbers are telling us about who can take advantage of the market in its current form.
Want to Buy a Home? Search All Homes
We must be getting near the end of the year now that the first big snow of the year has hit. I just wanted to give you a quick market update to let you know what’s going on in real estate around this time of year.
Many people think that the market is pretty dormant during this time of year, but we actually have seen 152 properties go under contract in the Chicagoland area in the past seven days. At the same time, a little over 2,500 homes have come off the market and only 1,472 new homes have come on the market.
With these numbers, you can see why this time of year is actually a great opportunity to sell your home. There is a decrease in inventory, which can help you find a buyer. Once we see that first snowfall, and with the holidays around the corner, many people decide to take their homes off the market. This means that it’s a great time for you to prepare to get your home on the market.
Finally, I wanted to let you know that I have an upcoming video with Mr. Floor about how to prepare your home for winter and how your floor factors into that preparation. Stay tuned for that interview. I think you'll get a lot out of it.
If you have any other questions about the real estate market in the meantime, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.