Hello everyone, I'm Miles Tischhauser with The Kombrink Team, your dedicated local REALTOR® in Sycamore, Illinois. Today, I'm excited to share with you our real estate market update for April 2024. Whether you're planning to buy or sell a home in our area, staying informed is key to making the best decisions. Here's what you need to know about the current market trends in Sycamore.


Current Market Overview

The current Months Supply of Inventory (MSI) in Sycamore stands at 1.74. This figure indicates that if no new homes were listed, it would take just under two months to sell all the homes currently on the market. Compared to last year, the MSI has increased by almost 29%, suggesting a slight shift toward a more balanced market between buyers…

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If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.

But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were…

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Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:

“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.”

While how much money you may get in a tax refund is going to vary, it can be encouraging to have a general idea of what’s possible. Here’s what CNET has to say about the average increase people are seeing this…

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In this blog post, we're diving into the DeKalb real estate market's latest statistics for April 2024, offering insights for both buyers and sellers looking to navigate this dynamic landscape.


Current Market Conditions

As of April 2024, DeKalb's real estate market shows promising signs of growth and opportunity. With a 1.1 Months Supply of Inventory, there's been a significant increase of 39.24% over the past year. This uptick in inventory provides more options for buyers searching for their ideal home.

Dekalb IL March 2024 Months Supply of Housing Inventory

Pricing Trends

The market's competitiveness is further highlighted by the List to Sold Price ratio, which stands strong at 101.1%. This indicates that homes are selling at or above their listing price, a trend that benefits…

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a screenshot of a cellphone

Some Highlights

  • If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.
  • Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move.
  • If you're thinking about moving to a smaller home, let’s go over your goals and look at your options in our local market.

Previously posted at Simplifying The Market.

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Welcome to the vibrant community of North Aurora, IL, where the real estate market is currently witnessing a remarkable upswing, reminiscent of a gold rush. This surge in the housing market makes it an opportune moment for potential homeowners and investors to consider North Aurora as their next big investment. Whether it's your dream home or an investment property you're after, this bustling market has an abundance of choices to suit all tastes and budgets.


Why North Aurora is Your Next Real Estate Destination

North Aurora is a hidden gem in Illinois, offering a unique blend of small-town charm and modern amenities. It boasts an array of housing options, from quaint bungalows perfect for first-time buyers, to sprawling estates for those…

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1405 Harvell Dr, Batavia, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2.5 BATHROOMS 0.41 acres Lot

Discover the epitome of elegance and comfort in this exquisite 4-bedroom, two-story stone and cedar home, nestled in the prestigious Harvell Farms neighborhood of Batavia. Perfectly situated within walking distance to parks and a stone's throw away from interstate access, top-rated schools, the vibrant downtown, and the scenic Fox River, this property boasts a prime location on a landscaped corner lot adorned with mature trees. The home's exterior is as impressive as its…

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There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering incentives. And that can help give you more options that fit the bill.

Newly Built Homes Are Trending Smaller

During the pandemic, homebuyers wanted (and could afford) larger homes – and builders delivered. They focused on homes that were bigger, so people had more space for things like working from home, having a home gym, bonus rooms for virtual school, and more.

But with the affordability challenges buyers are facing today, builders are increasingly…

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Welcome to the world of real estate in Batavia, IL, where finding your dream home becomes a reality with the right guidance. I'm Matt from The Kombrink Team at One Source Realty, and I'm here to share my insights and expertise to help you navigate the local real estate market with ease.


Over Three Decades of Excellence

With a rich experience spanning over 30 years in the real estate industry, my journey is adorned with hundreds of 5-star reviews, a testament to the trust and satisfaction of my clients. My reputation as a sincere, knowledgeable, and trustworthy realtor is something I hold dear. It's not just about selling homes; it's about building relationships and ensuring each client receives top-notch service tailored to their unique…

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When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you?

In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. As Mark Zandi, Chief Economist at Moody’s Analytics, explains:

“Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren’t going back anywhere near the rate on their existing mortgage.”

A recent study from Bank of America sheds…

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