How Buyers & Sellers
Can Navigate the Market
If you’re buying in DuPage County, the data offers slightly better news than a year ago.
Inventory is up 11%, days on market have lengthened, and the share of homes selling above asking has dipped. Use the additional supply to compare options carefully, and don’t feel pressured to waive contingencies. That said, about 40% of homes still sold above list, so aggressive offers remain necessary for the most desirable properties.
If you’re selling, price accurately to attract the wave of new buyers. But be aware that you face more competition and higher interest rates from other listings than a year ago:
Inventory is up 11%, and overpricing risks extended days on market.
Now with the raise in interest rates, the days of universal bidding wars are fading; correct pricing from day one is more important than ever.
See the latest August numbers in the Western Suburbs below. Contact me with any questions and to schedule your free equity analysis.
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