Bittersweet news for Illinois homeowners: median home prices are steadily rising amid a steady drop in home sales.
This could be interpreted in a number of ways; most importantly, we can see that desirable homes are selling for higher prices.
While many homes are still stuck on the market, this statistic may be an incentive to make your home as desirable as possible.
An article from www.suburbanchicagonews.com examines the ups and downs of this story:
“During March, home sales remained mired in slow growth activity due to low consumer confidence, tighter financing factors and a weakening economy,” said Kay Wirth, a broker with Re/Max Unlimited Northwest in Crystal Lake and president of the Illinois Association of Realtors. “There is a lot of pent-up demand, and while people are being cautious, given the uncertainty in the overall economy, the spring market is here and now is an ideal time to check out ample inventory in your area to purchase your dream home.”
If you’re looking in the Illinois area, it is best to take a look at the wide range of homes on the market. While buyers may not give away their homes, more balanced prices make this a fair and inviting time to buy or to sell in this micro-economy. This study examined the Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties, where easy access to urban areas and the lakeshore are some of the many reasons to buy in this area.
Now may be the perfect time to examine the best of listed properties in the Illinois area!