Spring is the busiest season in the housing market. It’s the time of year when buyers are most active – that means it’s when homes sell faster and for top dollar. If you’ve already got a move on your mind, why not list this spring and take advantage of the added buyer demand?

Since spring is just around the corner, now’s the time to start getting your house market-ready. You’ve got just over a month to do the prep work. And while that may sound like a decent amount of time, it’s going to go by quickly. And you won’t want to rush through this important task – especially this year.

The Right Repairs Will Matter More This Spring

Right now, two things are true. There are more homes on the market than there have been in years. And buyers are being…

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Hey everyone, it's your local REALTOR® here in Geneva, Illinois. Whether you are looking to buy or sell a home, staying informed about the latest real estate trends is crucial. In this February 2025 market update, I’ll walk you through key housing statistics to help you make the best decisions in today’s market.

Geneva, IL Housing Market Trends

1. Months Supply of Inventory

Currently, Geneva has 0.8 Months Supply of Inventory. This means that if no new homes were listed, all available properties would be sold in less than a month. A supply this low indicates a strong seller's market, as there are far more buyers than available homes. Over the past year, the Months Supply of Inventory has decreased by 45%, emphasizing the high demand for…

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This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below):

a graph of blue rectangles with white textHere's why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent increase shows buyer demand hasn’t disappeared – if anything, it indicates there’s pent-up demand ready to come back to the market.

That doesn’t mean the floodgates are opening and that there’s going to be a huge wave of buyers like we saw a few years ago. But this does signal there’ll be more activity this year than last.

At least some of the buyers who put their plans on hold over the past few years will jump back in. Whether…

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Hey there, everyone! It’s Matt Kombrink, your friendly neighborhood REALTOR®, bringing you the latest insights into the Batavia, Illinois, real estate market. Whether you're considering buying or selling, understanding the local trends is key to making informed decisions. Let’s dive into the numbers for February 2025!

1.2 Months Supply of Inventory – A 25% Increase

Currently, Batavia has a 1.2 Months Supply of Inventory, marking a 25% increase compared to the last 12 months. What does this mean? Simply put, there are more homes available for buyers, giving them slightly more choices in the market. However, inventory remains relatively low, which still favors sellers overall.

Batavia IL February 2025 Months Supply of Inventory

Homes Are Selling Close to List Price

One of the most…

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Over the past few years, home prices skyrocketed. That’s been frustrating for buyers, leaving many wondering if they’d ever get a shot at owning a home. But here’s some welcome news: that whirlwind pace of home price growth is slowing down.

Home Prices Are Rising at a Healthy Pace

At the national level, home prices are still going up, but at a much more moderate, normal pace. For example, in November, the year-over-year increase in home prices was just 3.8% nationally, according to Case-Shiller. That’s a far cry from the double-digit spikes that occurred in 2021 and 2022 (see graph below):

a graph of green and white linesThis more normal home price growth might make buying a home feel more attainable for many buyers. You won’t face the same sticker shock or rapid price jumps…

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a graph on a green background

Some Highlights

  • You may be sitting on the sidelines wondering if it’s better to buy now or wait. But buying before the spring rush may be a game-changing decision.​
  • Moving this winter can give you significant advantages, like less competition, more negotiating power, and lower prices.
  • If you’re able to buy now, stay ahead of the game and outrun the competition. To tackle your homebuying plans this year, let’s connect.​

Originally posted at Simplifying The Market.

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There’s no denying affordability is tough right now. But that doesn’t mean you have to put your plans to buy a home on the back burner.

If you’re willing to roll up your sleeves (or hire someone who will), buying a house that needs some work could open the door to homeownership. Here’s everything you need to know so you can decide if this is the right move for you.

What’s a Fixer-Upper?

A fixer-upper is a home that’s livable but requires some renovations. Think cosmetic updates like wallpaper removal and new flooring or more extensive repairs like replacing a roof or updating plumbing.

While fixer-uppers need a little TLC, here’s why they may be worth considering, especially right now:

  1. They Usually Have a Lower Price Point. Because of…

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1272 Brookdale Dr, Carpentersville, IL

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$ CLICK FOR CURRENT PRICE 2 BEDROOMS 3 BATHROOMS

Welcome to your dream home in the sought-after Aragon neighborhood of Carpentersville, Illinois! This beautifully updated 2-bedroom, 2.5-bath townhome combines modern upgrades with timeless charm. Recent improvements include a new stove, toilets, kitchen sink/faucet, and upstairs bathroom flooring, all updated in 2025, as well as a water heater and dishwasher replaced in 2024. The roof was updated in 2022, and the washer/dryer were installed in October 2020, while the HVAC system has been reliably serving the…

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If you want to sell your house, having the right strategies and expectations is key. But some sellers haven’t adjusted to where the market is today. They’re not factoring in that there are more homes for sale or that buyers are being more selective with their budgets. And those sellers are making some costly mistakes.

Here’s a quick rundown of the 3 most common missteps sellers are making, and how partnering with an expert agent can help you avoid every single one of them.

1. Pricing the Home Too High

According to a survey by John Burns Real Estate Consulting (JBREC) and Keeping Current Matters (KCM), real estate agents agree the #1 thing sellers struggle with right now is setting the right price for their house (see graph below):

a graph of salesAnd more…

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The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find something in your budget.

But here’s what you need to know. The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived-in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’re been looking for.

1. There Are 22% More Existing Homes for Sale

Data from Realtor.com says the number of existing homes for sale improved by an impressive 22% in 2024. And experts say your pool of options is expected to get even better this…

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