Hello, Elgin! It's The Kombrink Team at One Source Realty, bringing you the latest insights from the Elgin real estate market for April 2024. Whether you're considering buying, selling, or just keeping an eye on the market, these updates are crucial for making informed decisions. Let’s break down what’s happening right now in Elgin.


Current Market Conditions

As of April 2024, Elgin’s real estate market is showing dynamic activity with a 1.07 Months Supply of Inventory. This represents a significant decrease of 15.08% compared to the previous year. What does this mean for you? Well, the market is moving swiftly, and inventory is being absorbed faster than before, indicating strong demand and a competitive market environment.

Elgin IL Months supply of housing inventory April 2024

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If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008.

The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

Here’s the latest information stacked against the historical data to put your mind at ease.

The Headlines Make the Increase Sound Dramatic – But It’s Not

The increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided…

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Are you thinking about selling your home in Geneva, IL? It can be an exciting yet daunting experience, but with the right preparation, you can ensure a smooth and successful sale. As a top real estate agent in Geneva, IL, I've helped countless homeowners navigate the selling process and achieve their goals. In this blog post, I'll share the top 5 things homeowners should do before selling their home in Geneva, IL.

  1. Declutter and Organize: One of the first steps in preparing your home for sale is to declutter and organize. Potential buyers want to envision themselves living in your space, so it's important to create a clean and clutter-free environment. Start by getting rid of any items you no longer need or use, and consider renting a storage unit…

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Hello, fellow food lovers and community members! We're The Kombrink Team at One Source Realty, your guide to the best that Geneva, Illinois, has to offer. Today, we're thrilled to walk you through the top dining destinations in Geneva for 2024, as chosen by you through Google star ratings and the volume of reviews. Let’s dive into the culinary excellence that Geneva boasts, counting down from number 10 to our top pick.


10. Aurelio's Pizza of Geneva

Starting our list at number 10, Aurelio's Pizza has been a family-friendly favorite since 1959. Known for both deep-dish and thin-crust options, Aurelio's serves up a slice of pizza heaven that has endured the test of time.

9. FoxFire

At number 9, FoxFire lights up Geneva’s dining scene with…

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If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.

The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.

The Latest on Mortgage Rates

Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.

Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made by…

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Today we’re taking you on an exclusive tour of the top neighborhoods in Naperville, Illinois. Whether you are contemplating buying a new home or just curious about real estate in the area, Naperville offers a variety of communities that cater to different lifestyles and preferences.


Naperville: A Snapshot

Naperville is celebrated for its picturesque downtown, exemplary schools, and beautiful homes, making it a highly desirable location for prospective homeowners. As we delve into what makes each neighborhood stand out, you’ll see why many are choosing to call Naperville their home.

White Eagle: Luxury and Community

First on our list is the White Eagle neighborhood. This affluent area boasts luxurious homes, top-tier schools, and an…

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3N667 Arbor Creek Rd, St Charles, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 3.5 BATHROOMS 1.14 acres Lot

Discover your dream home in the coveted Arbor Creek neighborhood of St. Charles. This exquisite 4BR/3.1BA brick front two-story home, stands proudly on a spacious, landscaped lot adorned with mature trees. This property is equipped with a convenient 3-car sideload garage, charming paver front patio, expansive backyard deck, cozy firepit, and a functional shed with electricity. Step inside to find elegant hardwood floors and plush new carpeting, along with meticulous trim detail and…

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Welcome to our latest update on South Elgin real estate, brought to you by Nick Kein of The Kombrink Team. As your dedicated local REALTOR® in South Elgin, Illinois, I am here to provide you with the most current and relevant information to help you navigate the real estate market, whether you're buying or selling a home.


April 2024 Market Overview

The South Elgin real estate market is currently experiencing a notable trend of low inventory. As of April 2024, there is only a 0.91 month supply of inventory. This figure is remarkably low, suggesting that if no new homes were listed starting today, it would take less than a month to sell all the homes currently on the market. This is a significant decrease from the past, with a 51%…

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According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.

A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:

“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet,…

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Hey Wheaton neighbors and future residents! We’re excited to bring you some vital market updates that could significantly influence your buying or selling decisions in today’s dynamic real estate environment.


Current Market Overview

The local real estate scene is tighter than ever, with the Months Supply of Inventory (MSI) now at a mere 0.46 months. To put it into perspective, that's a dramatic 75.14% drop from last year. This significant decrease means we are in a seller's market, so if you're contemplating listing your home, it's an excellent time to do so. For sellers, this could be your golden ticket to a profitable sale as demand outstrips supply.

What Buyers Should Know

For buyers, the heat is on! With homes selling for an…

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