Hello, Aurora residents and potential homebuyers! In this May 2024 market update, we'll explore the current dynamics of the Aurora real estate scene, which are crucial for both buyers and sellers to understand in this competitive landscape.

Current Market Overview

As of May 2024, Aurora's real estate market is exceptionally tight, with a remarkably low .82 Months Supply of Inventory (MSI). This indicates a strong seller's market where available homes are scarce. If you're looking to buy a home in Aurora, it’s essential to act swiftly and decisively. Our team is here to guide you through this fast-paced market, ensuring you have the best chance to secure your ideal property.

Aurora IL Months Supply of Housing Inventory May 2024

Opportunities for Sellers

For those considering selling…

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When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction.

A trusted real estate agent can help walk you through these two reasons you may want to reconsider that.

1. Adding Newly Built Homes Could Give You More Options

There are two types of homes on the market: new and existing. A newly built home refers to a house that was just built or is under construction. An existing home is one a previous homeowner has already lived in. Right now, the inventory of existing homes is tight. But there may…

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207 Kennedy Dr, St Charles, IL

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2.5 BATHROOMS 0.14 acres Lot

Discover the epitome of suburban living in this stunning 3-bedroom, 2.5-bathroom home located in the desirable Anthem Heights of St. Charles. Just steps from the park and minutes from bustling shopping centers, delightful dining, and the charming downtown area, this residence offers both convenience and tranquility. The property boasts a beautifully landscaped lot, complete with a welcoming front porch, a two-car attached garage featuring a new epoxy floor, and a newer backyard fence…

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If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.

Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below):

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When a house is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:

“. . . housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain…

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If you're considering a move to St Charles, IL, you're in for a treat. This charming city is known for its welcoming community and vibrant lifestyle. Whether you’re a first-time buyer or looking to relocate, here are the top five things you need to know to make your transition smooth and enjoyable.

1. Community Spirit

St Charles boasts a tight-knit community with incredibly friendly neighbors. The city is vibrant with local events and festivals throughout the year, offering plenty of opportunities to engage with the community and make new friends. The active lifestyle here, complemented by numerous parks and outdoor activities, makes it an ideal place for families and individuals alike.

2. Excellent Education

For those moving with…

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Looking to make Geneva, IL your new home? Whether you're relocating for work, education, or simply seeking a fresh start, partnering with a knowledgeable realtor can transform your home-buying experience. Geneva's real estate market is rich and varied, offering everything from cozy condos to expansive single-family homes. However, navigating this landscape can be daunting without the right help.

Why Geneva, IL?

Geneva stands out with its unique blend of historic charm and modern amenities, making it an attractive place for many. The town offers a serene lifestyle with plenty of parks, boutiques, and cafes, coupled with a tight-knit community vibe. It’s the perfect backdrop for individuals and families looking to put down roots in a vibrant…

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Are you on the hunt for your dream home in Naperville, IL? Whether you're a first-time homebuyer or looking to upgrade, Naperville offers a stunning array of homes to fit every lifestyle and budget. In this post, we dive into what makes Naperville a top choice for homebuyers and how The Kombrink Team at One Source Realty can help you navigate this vibrant real estate market.

Why Naperville?

Naperville is not just a place to live; it's a community to be a part of. Known for its picturesque neighborhoods and top-rated schools, the city boasts a rich history and a dynamic community vibe that makes it one of the most sought-after areas in Illinois. From its charming, tree-lined streets to its bustling downtown full of shops and eateries,…

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If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you.

While there’s no arguing this housing market is challenging for first-time homebuyers, it is still achievable, especially if you have professionals on your side.

Here are some helpful tips you may get from a pro.

1. Explore Your Options for a Down Payment

If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And, that’s not the only…

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Thinking about selling your house? As you make your decision, consider what's pushing you to think about moving. A recent survey from Realtor.com looked into why people want to sell their homes this year. Here are the top two reasons (see graphic below):

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Let's take a closer look and see if they’re motivating you to make a change too.

1. To Make a Profit

If you’re thinking about selling your house, you probably have a lot of questions on your mind. Well, here's some good news – the latest data shows most sellers get a great return on their investment when they sell. ATTOM, a property data provider, explains:

“. . . home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”

That’s…

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Some Highlights

  • Having a hard time finding a home in your budget? ​Builders may have a solution that can help.
  • Builders are shifting their attention to what buyers want most right now – smaller, more affordable homes.
  • If you want to see what’s available locally and in other areas nearby, let’s connect and explore your options together. 

Previously posted at Simplifying The Market.

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