Hello everyone, it’s Nick Kein from The Kombrink Team at One Source Realty, your dedicated local REALTOR® in Hoffman Estates, Illinois. In today’s vlog, I’m thrilled to bring you the latest insights from our real estate market for April 2024.

Market Overview

We are currently experiencing a notably low Months Supply of Inventory at just .65 months in Hoffman Estates. This low supply indicates a strong seller's market, with more buyers than available homes. It's an ideal time for sellers, as the competition among buyers can lead to quicker sales and potentially higher offers.

Housing Supply Hoffman Estates IL April 2024

Trends Over the Last Year

The past year has seen a 12% increase in the Months Supply of Inventory. Although we are still in a seller's market, this increase…

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Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.

Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below):

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Why Are Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most…

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When it comes to buying or selling a home, location is key. The neighborhood you choose can have a significant impact on the value of your property. Whether you are looking to invest in real estate or find your forever home, understanding how location affects home values is essential.

Aerial View of St Charles IL

In St. Charles, IL, location plays a crucial role in determining the value of a home. The city is known for its scenic beauty, charming downtown area, and excellent schools, making it a highly desirable place to live. As a result, homes in St. Charles tend to hold their value well and appreciate over time.

One of the factors that contribute to the high home values in St. Charles is the quality of life in the city. With its abundance of parks, recreational…

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Discover the Best Realtor in Wheaton: The Kombrink Team at One Source Realty

When it comes to real estate in Wheaton, IL, finding the right realtor can make all the difference. The Kombrink Team at One Source Realty has been recognized as one of the best in the area, thanks to their dedication, experience, and unparalleled customer service. Here's why you should consider them for your next real estate venture.

Experience and Expertise

With over three decades of experience in the Wheaton real estate market, The Kombrink Team brings a wealth of knowledge and expertise. Their deep understanding of the local market trends and property values ensures that whether you're buying or selling, you're getting the best possible deal.

Dedicated…

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122 Park Ave, Dekalb, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2 BATHROOMS 0.12 acres Lot

Discover the charm of this spacious 4BR/2BA three-story home, perfectly positioned just steps away from the vibrant Northern Illinois University campus in DeKalb, Illinois. Nestled on a serene, tree-lined street, this delightful residence offers quick access to local parks, a variety of shops, and a selection of dining options. The home features an inviting deck and an enclosed porch, ideal for enjoying the peaceful outdoors. Inside, the ground floor boasts a cozy family room and a separate…

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Some Highlights

  • Did you know the equity you have in your current house can help make your move possible?
  • Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer.
  • The typical homeowner has $298,000 in equity. If you want to find out how much you have, let’s connect for a Professional Equity Assessment Report.

Previously posted at Simplifying The Market.

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Hello everyone, I'm Miles Tischhauser, your local REALTOR® here in Naperville, Illinois. Today, I’m excited to bring you a comprehensive market update for April 2024, highlighting some of the key trends and statistics that define our local real estate landscape.

Current Market Overview

As of March 2024, Naperville’s real estate market is experiencing notably low inventory levels, with only 0.98 months of supply available. This limited inventory is creating a highly competitive environment for buyers, who are finding themselves in a market where properties are swiftly being purchased.

Naperville IL April 2024 Months Supply of Housing Inventory

Significant Year-Over-Year Changes

Over the past year, we’ve observed a dramatic decrease of 41.67% in the Months Supply of Inventory. This significant…

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Welcome to our in-depth look at the Batavia real estate market, brought to you by The Kombrink Team at One Source Realty. Today, we're offering a glimpse into the future of this vibrant community, where growth and stability in the real estate sector signal a beacon of opportunities for homeowners and prospective buyers alike.

A Flourishing Market with Robust Growth Indicators

Batavia's real estate market is experiencing a significant upturn, fueled by a robust economy and historically low mortgage rates. For those considering an investment in the area, there couldn't be a more opportune time. The local market is abundant with a diverse array of properties, ranging from quaint historic homes that whisper tales of yesteryears to modern luxury…

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Ever thought about living in the same house with your grandparents, parents, or other loved ones? You're not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let's check out why they think it’s a good idea to see if it might be a good fit for you, too.

Why People Are Choosing Multi-Generational Living

According to the National Association of Realtors (NAR), here are just a few key reasons buyers opted for multi-generational homes over the past year (see graph below):

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Two of the top reasons had to do with aging parents. 27% of buyers chose multi-generational homes so they could take care of their parents more easily. And 19% did it to spend more time with them. A lot of older adults want…

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Today, we’re excited to share why The Kombrink Team at One Source Realty is your best choice for a Realtor in Naperville, IL. With a legacy of over 30 years in the industry, hundreds of 5-star reviews, and a commitment to honest and sincere service, we're uniquely equipped to assist you with all your real estate needs in this vibrant community.

Experienced and Dedicated

Choosing the right Realtor is crucial whether you’re buying, selling, or investing in real estate. The Kombrink Team stands out in Naperville not just for our longevity in the market but for our deep commitment to our clients. Our extensive experience ensures that we have a thorough understanding of the Naperville real estate market, enabling us to provide you with the best…

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