Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
Whether you're planning a move or simply keeping an eye on the market, browse the latest videos below or choose a topic to get started.
The Housing Market Is Splitting in Two
The housing market is telling two very different stories depending on price point. Homes under $250,000 are seeing fewer sales than last year, while sales of homes over $750,000 have climbed by double digits. Why the gap? Entry-level buyers are feeling the impact of mortgage rates much more heavily, while higher-end buyers often have more financial flexibility. For sellers, that means your pricing strategy matters. Lower-priced homes may need sharper pricing and stronger presentation, while higher-end homes could still see strong demand and even multiple offers. Want to know where your home fits in today’s Fox Valley market? Contact The Kombrink Team at 630-402-0021 or visit https://www.kombrink.com.
Right now, the housing market's splitting in two. And which side you're on depends on your home's price. Homes under two-hundred-and-fifty-thousand dollars are seeing fewer sales than last year.
But for homes over seven-hundred-and-fifty-thousand dollars? Sales have jumped by double digits.
This gap comes down to who can most afford to buy right now.
Entry-level buyers are getting squeezed the hardest by today’s rates, so demand’s cooled in that price range.
High-end buyers, on the other hand, aren’t nearly as affected, so demand there is still strong. So, what’s that mean for you?
Lower-priced homes are still selling, just not as fast as before. If you're selling on that end of the market, pricing and presentation matter more than ever.
That way people see the value and feel it’s worth the price they’re going to pay.
If you're at the top of the market, buyers are ready and waiting. You may even get more than one offer.
Reach out to The Kombrink Team and let's find out where your house falls and build a plan that gets you the speed and price you’re after.