Homeowners Today Have Tremendous Equity
February 22, 2021Market Activity in the Chicagoland Area- March 2, 2021
March 2, 2021
Market Activity in the Chicagoland Area- February 23, 2021
Midwest Real Estate Data or MRED provides property information to the MLS. Although the area is quite expansive, the overall trends can help us identify how the market is performing in our local communities.
“The third week of February saw a two percent weekly gain in median sales prices among residential listings in MRED’s marketplace. While the week-over-week gain was modest, median home prices were still up 15 percent on an annual basis to $255,000,” says MRED.
The number of new listings entering our market place are minimal and hence we are seeing buyers willing to pay more to obtain the home!
The number of listings closing and going under contract support the demand for homes.
If you are thinking about making a move, now is a great time to weigh your options! Please reach out if you would like to know about market conditions in your neighborhood.
Beata Kolpek, 630-207-9909
Sara Kolpek, 630-306-4452
