Hello everyone, I'm Kris with The Kombrink Team at One Source Realty, your trusted REALTOR® team here in Naperville, Illinois. Today, I'm excited to bring you a comprehensive market update for June 2024.
High Demand and Quick Sales
The real estate market in Naperville is moving quickly, with a current supply of just 1.33 months. This low inventory means that homes are in high demand and are selling rapidly. For those considering selling their homes, this is an opportune moment to capitalize on the market conditions.
Sellers Receiving Great Value
The List to Sold Price percentage in Naperville is an impressive 101.7%. This percentage indicates that sellers are receiving great value for their homes, often selling for more than the listing price. It reflects a competitive market where buyers are willing to pay a premium to secure their desired properties.
Homes Flying Off the Market
The median days on market in Naperville is currently at 10 days. This quick turnaround time showcases the fast-paced nature of the market, where homes are being snapped up almost as soon as they are listed. Buyers need to be prepared to act swiftly to secure their dream homes.
Strong Median Sold Price
The median sold price in Naperville is $625,000. This robust figure underscores the strength of the market for both buyers and sellers. Sellers can expect to receive top dollar for their properties, while buyers are investing in a thriving and desirable community.
Why Now is the Perfect Time to Make Your Move
Whether you're looking to buy or sell in Naperville, now is a great time to make a move. With low inventory and high demand, sellers can expect top dollar for their homes, while buyers should act fast to secure their dream home. The current market conditions are favorable, making it an ideal time for real estate transactions.
Thank you for tuning in to this market update. If you have any questions or are ready to make a move in the Naperville area, don't hesitate to reach out to The Kombrink Team. We're here to help you every step of the way. Have a great day!
By staying informed about the latest trends and statistics, we aim to provide you with valuable insights that will help you make the best real estate decisions. If you need personalized advice or have any questions, feel free to contact us. Let's make your real estate dreams a reality in Naperville, Illinois!
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