For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows. And that means that the market is balancing out a bit. As a result, some sellers are finding they need to be more flexible to close a deal. One strategy that can help? Offering concessions.

As the National Association of Realtors (NAR) explains:

“As home inventory begins to grow and buyers regain some advantage in the market, sellers may consider offering more in negotiations to make the deal more attractive and get to the closing table.”

What Are Seller Concessions? 

Concessions are homebuying costs that a seller agrees to cover as a way to get their house sold. And based on data from the National Association of…

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After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not sound like a big number to you, it is the highest level in a decade – and that’s a big deal (see graph below):

And data from BrightMLS seems to confirm this trend. In a recent survey, 1 in 5 (20.6%) people looking to buy say they want to live in the city.

So, what’s behind this ongoing shift back to urban living? Let’s break down the top three reasons why people are trading quiet suburbs for bustling cityscapes. You may find out you want to sell your house with a big yard and move to an…

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It feels like everything is getting more expensive these days. That’s because inflation has remained higher than normal for longer than expected – and that’s impacting the costs of goods, services, and more. And with rising costs all around you, you’re probably questioning: is now really the right time to buy a home?

Here’s the good news. Owning a home is actually one of the best ways to protect yourself from the rising costs that come with inflation.

A Fixed Mortgage Protects You from Rising Housing Costs

One of the key benefits of homeownership is that when you buy a home with a fixed-rate mortgage, your biggest monthly expense — your mortgage payment — stabilizes. Sure, your payment could rise slightly as your homeowner’s insurance and…

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Some homeowners hesitate to sell because they’ve got unanswered questions that hold them back. But a lot of times their concerns are based on misconceptions, not facts. And if they’d just talk to an agent about it, they’d see these doubts aren’t necessarily a hurdle at all.

If uncertainty is keeping you from making a move, it’s time to get the real answers. The ones you deserve. And to take the pressure off, you don’t have to ask the questions, because here’s the data that answers them.

1. Is It Even a Good Idea To Move Right Now? 

If you own a home already, you may be tempted to wait because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of…

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Hello everyone! It's The Kombrink Team at One Source Realty, your trusted local REALTORs here in Wheaton, Illinois. Whether you’re looking to buy or sell a home, staying up-to-date on market trends is essential for making informed decisions. In this blog post, we’ll break down the latest data to give you a clear picture of the real estate market in Wheaton for February 2025.

Current Market Overview

The real estate market in Wheaton remains highly competitive, characterized by low inventory and strong demand. Let’s take a closer look at the key metrics shaping the market this month.

1. Inventory Levels: A Tight Market for Buyers

Currently, the Months Supply of Inventory stands at 0.9 months, indicating a severe shortage of available…

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Introduction

Hey there! It's The Kombrink Team at One Source Realty, your friendly neighborhood REALTORs here in Saint Charles. Today, We're bringing you a quick market update for February 2025. Whether you’re looking to buy or sell, keeping up with market trends is essential. Let’s dive into the latest numbers and see what’s happening in the Saint Charles real estate market.

Saint Charles Real Estate Market Overview – February 2025

1. Current Housing Inventory

Saint Charles currently has a 1.4 Months Supply of Inventory. This indicates a lower number of available homes compared to the number of buyers looking to purchase, which makes for a competitive market. Over the past 12 months, the Months Supply of Inventory has held steady,…

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Introduction

Hey there, everyone! It's The Kombrink Team at One Source Realty, your friendly local REALTORs here in Elgin, Illinois. Today, we're excited to share with you some key market updates for February 2025. Whether you’re buying or selling, understanding the latest real estate trends is crucial. Let’s dive into the numbers and see what’s happening in Elgin’s housing market this month.

Elgin Real Estate Market Overview – February 2025

1. Current Housing Inventory

As of February 2025, Elgin has a 1.3 Months Supply of Inventory. This means that if no new homes were listed, it would take just over a month to sell all available homes at the current sales pace. Over the last 12 months, the Months Supply of Inventory has decreased…

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Introduction

Hey there! It's The Kombrink Team at One Source Realty, your local REALTORS® here in Aurora, Illinois. Today, we're excited to bring you the latest market update for February 2025. Whether you’re buying or selling, understanding the current trends can help you make the best decisions. Let’s dive into the numbers and see what’s happening in Aurora’s real estate market this month.

Aurora Real Estate Market Overview – February 2025

1. Current Housing Inventory

As of February 2025, Aurora has a 1 Months Supply of Inventory. This means that if no new homes were listed, the current supply would sell out in just one month. Over the last 12 months, we’ve seen a 23% increase in the Months Supply of Inventory, indicating a slight…

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1. Current Housing Inventory

As of February 2025, Naperville has a 1.1 Months Supply of Inventory. This means that if no new homes were listed, it would take just over a month to sell all available homes at the current sales pace. Over the last 12 months, the Months Supply of Inventory has decreased by 4%, indicating a competitive market for both buyers and sellers.

February 2025 Months Supply of Inventory Naperville Illinois

2. Sold to List Price Ratio

The Sold to List Price percentage in Naperville remains strong at 98.1%. This means that, on average, sellers are receiving nearly their full asking price, reflecting a robust and balanced market.

3. Median Days on Market

Homes in Naperville are selling quickly, with a median of just 20 days on the market. This suggests strong buyer…

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a screenshot of a cellphone

Some Highlights

  • Owning a home comes with many benefits, both non-financial and financial.
  • From the sense of accomplishment and freedom of expression, to growing your net worth, it’s easy to fall in love with homeownership.
  • What’s the top reason you’d love to own a home? Let me know and we’ll come up with a plan that makes it possible. 

Originally posted at Simplifying The Market.

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