Found 46 blog entries tagged as Pricing.

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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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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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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The Batavia, Illinois Real Estate Market in APRIL 2024: A Comprehensive Analysis by The Kombrink Team

Welcome to our latest real estate market update for Batavia, Illinois. I'm Nick Kein, your trusted REALTOR® in Batavia, and I'm here to provide you with a detailed overview of our market as of April 2024. The current landscape shows some fascinating trends that are pivotal for both buyers and sellers in the area.


A Glimpse into Batavia's Inventory: A Competitive Market

One of the most striking aspects of Batavia's real estate market is the current Months Supply of Inventory, sitting at a notably low 0.55. This represents a significant 54.92% decrease over the past year. What does this mean for you? For buyers, the low inventory…

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In the ever-evolving landscape of Geneva's real estate market, staying informed is key to making the most of your property ventures, whether buying or selling. As your trusted local real estate experts, The Kombrink Team is committed to providing you with the latest market insights. Today, we delve into the current trends and what they mean for you.


Current Market Overview

Geneva's real estate market is experiencing a unique phase characterized by a tight inventory. The current supply stands at a mere 1.1 months, a significant decrease of 7.56% compared to the previous year. This trend is a clear indicator of a fast-paced market, with properties selling quicker than ever. For sellers, this environment presents a golden opportunity.

Months Supply of Housing in Geneva, Illinois

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Welcome to our latest blog post! I’m Matt Kombrink from The Kombrink Team at One Source Realty, your go-to local REALTOR® in Saint Charles, IL. I’m here to share some exciting updates and insights about our current real estate market.


Understanding the Current Market: A Seller’s Domain

The Saint Charles real estate scene is buzzing, and here's why: our inventory levels currently stand at a 1.56 Months Supply of Inventory. This number is crucial because it signals a seller's market. But that's not all – over the last year, we've noticed a 6.12% increase in Months Supply of Inventory. What does this mean for you? We’re witnessing a gradual market shift, offering new opportunities for both buyers and sellers.

Months Supply of Housing Inventory Graph for St Charles, Illinois

Pricing Dynamics: High…

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Naperville, IL has long been a sought-after location for homebuyers, thanks to its excellent schools, vibrant downtown area, and easy access to Chicago. As we look to the future of the Naperville real estate market, there are several trends and predictions that we can make based on current data and market conditions.

One of the key trends that we can expect to see in the future is a continued increase in property values. As more people move to Naperville for its amenities and quality of life, demand for homes in the area is likely to remain strong. This is great news for homeowners who are looking to sell, as they can expect to see a healthy return on their investment.

Another trend that we can expect to see in the future is a growing…

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Thinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.

What’s Next for Home Prices?

Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.

In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below):

 a graph of green bars


Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise each…

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As the lines on a chart trend upwards, they tell a story of change and growth. This Median Sales Price graph presented by The Kombrink Team of One Source Realty is a prime example, illustrating a notable trend in the housing market of the Chicago area. It captures a tale of suburban allure, showing that the charm of the suburbs has not waned but has rather intensified, particularly in the period from January 2021 to March 2024.


Median Sales Price graph for Chicago, St Charles, Geneva, and Batavia Illinois


One can't help but observe that home prices in the suburbs have escalated more vigorously than those within the city limits. This is indicative of a broader national trend, wherein suburban homes have risen by 5.5% more than their urban counterparts. It appears that the thirst for more space, perhaps fueled by the remote…

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Geneva's real estate market has been the subject of much discussion among potential homebuyers, sellers, and investors. The latest chart depicting the median sales price of single-family homes in Geneva provides a compelling narrative of the housing market's performance over the past few years. Let's unpack this graph to understand what it tells us about the current state and possible future trends of the Geneva housing market.


Geneva IL Median Home Sales Price

Steady Growth in Median Sales Price

The data illustrates a robust increase in median sales prices from January 2021 to March 2024. Beginning at approximately $360,000, the median sales price exhibits a consistent upward trajectory, with some fluctuations, reaching heights around $460,000. This rise represents a…

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