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REAL ESTATE 2021 | The Spring Market Has Arrived by Penny O'Brien, Realtor


WHAT WE KNOW! According to INFOSPARKS, in our MLS the average sales price has increased +5.6%, year over year. Our months of supply of inventory is down a startling -22%, creating a HUGE pent-up demand. There is only 3.2 months of supply creating a fantastic seller's market. A seller will always negotiate the best price when demand is high & supply is scarce. The shortage of inventory leads to continued appreciation.

When meeting with sellers that want to list in the spring market, I always urge them to consider listing in January, February or March. EVERYONE waits until the end of April, beginning of May which significantly increases the competition. With the possibility of a vaccine being released soon, COVID-19 restrictions easing up, sellers that held off listing in 2020 could list in 2021. While it could be quite a while until we see inventory catch up, a seller should definitely be taking advantage of the market conditions for a quick sale at a great price. The lack of inventory also increases a listing's number of showings! In our MLS the number of showings per listing is up 25% year over year.

If you are thinking about selling, get that house on the market! The time to sell is now!


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 •

Latest Issue
December 2023


Glance through the Pages

of Your Community Living Magazine Today! 

► December 2023 Issue, Western Suburbs

► DuPage Feature

► Kane Features

► Kendall Features

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