LOW INVENTORY! HIGH DEMAND!
Sellers in our Northern MLS are experiencing sales prices appreciating 6.4%! Week ending 1/4/21, we experienced 30% more homes accepting a contract, 35% more closed, but 15% FEWER NEW LISTINGS!
This severe inventory shortage has the buyers in a frenzy wanting to buy because of historically low interest rates. Millennials which are 40% of our buyers, have accelerated their home search. Covid-19 has buyers wanting more space for 2 people working from home and e-learning. Homes are selling before market, full list price or in multiple offers. This will not last forever as more and more sellers are entering the market. NOW is the BEST time to get the BEST price for your home. Do not wait until April or May along with everyone else.
The few homes that are listed are getting an amazing amount of attention. This is apparent in the sheer number of showings per listing. Our Northern MLS reports showings up 28.8% year over year. Naperville's showing increase is a staggering 44.6% (statistics courtesy of Infosparks).
ABOUT PENNY O'BRIEN
BAIRD & WARNER – One word that consistently comes to clients’ minds when they think of Penny O’Brien is “hustle.” As a Seller Representative Specialist, she loves meeting with sellers to discuss pre-market home improvements and guide them to make their home “showtime ready” when it hits the market. She strongly believes in professional staging and offers it as a complimentary service. With a reputation for “good-looking listings,” she helps clients realize a higher return and quicker sale. Penny says “Staging transforms a home from average to amazing”.
Penny O'Brien Broker, Relocation Specialist and
Negotiation Expert • (630) 207-7001 • firstname.lastname@example.org