Hey there, everyone! Miles Tischhauser with The Kombrink Team at One Source Realty here, your friendly neighborhood REALTOR® with some exciting updates for you all. Today, we're diving into the current market trends here in DeKalb, Illinois.

Months Supply of Inventory

Let's start with the numbers, shall we? Right now, we're looking at a 1.63 Months Supply of Inventory in DeKalb. Over the last 12 months, we've seen a positive trend with a 3% increase in the Months Supply of Inventory. This increase is encouraging as it indicates a slightly growing inventory, providing more options for buyers while still maintaining a competitive edge for sellers.

Dekalb IL Real Estate Market June 2024 Months Supply of Housing Inventory

Implications for Buyers and Sellers

What does this mean for you as a buyer or seller?…

5 Views, 0 Comments

Hey there, everyone! The Kombrink Team at One Source Realty here, your go-to REALTOR® team in Aurora, Illinois. Today, we're excited to bring you a market update for June 2024. Whether you're a buyer or seller, this information is crucial for making informed decisions in the Aurora real estate market. Let's dive right in!

Months Supply of Inventory

Currently, Aurora has a super low 0.95 Months Supply of Inventory. That means we're in a competitive market with limited options for buyers. This scarcity of homes available for sale creates a challenging environment for buyers, who may find themselves in bidding wars, while sellers can enjoy the advantage of higher demand.

Aurora IL Real Estate Market June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

Next up, let's talk about the List…

7 Views, 0 Comments

Hey everyone, Nick Kein with The Kombrink Team at One Source Realty here, your local REALTOR® in Elgin, Illinois. Today, I want to give you a quick market update for June 2024. Whether you're a buyer or seller, this information is crucial for you to stay informed and ahead of the game.

Months Supply of Inventory

Currently, we're looking at 1.14 months of inventory available in the market. What does this mean for you? Well, with less inventory available, buyers may face more competition, while sellers might have the upper hand in negotiations. This low supply creates a dynamic market where quick decisions and strategic planning are essential.

Elgin IL Real Estate Market Update June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

Next up, the List to Sold Price percentage is at 102.1%. This…

7 Views, 0 Comments

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Home Prices Are Expected To Climb Moderately

Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:

No Caption Received

The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains:

“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the reason is that we don't have housing inventory.”

While inventory is up compared to the last couple of years, it’s still low overall. And because…

5 Views, 0 Comments

No Caption Received

Some Highlights

  • Considering selling your house without an agent? You should know there are some serious downsides to handling it on your own.
  • You’ll be missing out on marketing tools that draw in more buyers, pricing and market expertise, essential negotiation skills, in-depth knowledge of the fine print in contracts, and so much more.
  • Don’t take all of this responsibility on. Instead, let’s connect so you have someone with the knowledge and experience you’ll need on your side.

Previously posted at Simplifying The Market.

21 Views, 0 Comments

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.

An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): No Caption Received

  • Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines and stressors. It also means you won’t have to worry about finding somewhere to stay when you go there.
  • Better weather (49%) – Buying in a…

24 Views, 0 Comments

42W384 Hawthorne Ct, St Charles, IL

Click here to Get Directions
  • Photos
  • Maps & Local
  • Schools
  • Print

Discover your dream home at 42W384 Hawthorne Ct in the highly sought-after Windings of Ferson Creek. This rare and exceptional 2-bedroom, 1.2-bath townhome boasts an attached 2-car garage and a finished basement, blending style and functionality seamlessly. Enter through the unique custom textured glass tree-imprint door into an open floor plan with hardwood flooring extending into the dining room and living room, where a cozy woodburning fireplace and a slider to the back deck and…

29 Views, 0 Comments

There's no denying it's gotten more challenging to buy a home, especially with today's mortgage rates and home price appreciation. And that may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. But unfortunately, many homebuyers feel like they don’t know where to start. 

A recent Bank of America Institute study asked prospective buyers where they lack confidence in the process and need more information. And this is what topped the list:

53% said they need help understanding homebuying grant programs.

So, here’s some information that can help you close that gap.

What Is Down Payment Assistance?

As the Mortgage Reports explains:

“Down payment…

25 Views, 0 Comments

A Booming Seller's Market in Wheaton, IL

Are you considering buying or selling a home in Wheaton, Illinois? Staying informed about the local real estate market is crucial for making sound decisions. This blog post by The Kombrink Team at One Source Realty provides a detailed update on the Wheaton market as of June 2024.

Low Inventory Creates a Fast-Paced Market

The current inventory level in Wheaton sits at a mere 1.4 months. This translates to homes selling very quickly – if no new listings emerged, all available properties would be snatched up within 1.4 months. This low inventory favors sellers, creating a competitive market.

Wheaton IL Real Estate Market June 2024 Months Supply of Inventory

Sellers Getting Top Dollar for Their Homes

The high demand for houses in Wheaton is reflected in the…

44 Views, 0 Comments

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.

It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans.

Historically, Presidential elections have only had a small, temporary impact on the housing market. Here’s the latest on exactly what’s happened to home sales, prices, and mortgage rates throughout those time periods.

Home Sales

During the month of November, in years when the Presidential election takes place, there’s typically a slight slowdown in home sales. As Ali Wolf, Chief Economist…

28 Views, 0 Comments