Here is a recent article on the 2016 real estate market outlook:
We came across this article and wanted to share it with our clients. This information comes in handy when listing your home.
Federal Reserve Bank raised its interest rates for the first time in years. This may have an impact on you. To find out how it may affect you and your decision to potentially buy or sell real estate please click on the link below.
According to the latest data from MLS, prices of detached homes in the Chicagoland continue to be on the raise. It is anticipated that the prices in Spring 2016 will reach highest point in over five years. Refer to the graph below for details. If you are planning on selling your house this Spring contact us for the latest statistics and projections in your market.
According to the recent analysis, Arlington Height still shows very good signs of a seller’s market. Although a level of supply of all homes has increased in the latter 2015, it is still lower than the overall Chicagoland market. This is measured by the month’s supply of real estate homes. Currently, if there were to be no more listings added in Arlington Heights, the current supply of real estate would sell out in 3.9 months versus 5 months for the Chicagoland area. If you would like to know more about your local market, visit our facebook page where you can get all the market statistics for every Chicagoland market.