Low Inventory Levels Make This a Great Time to Sell Your Home
The latest statistics from the Illinois Association of REALTORS® contain plenty of good news for home sellers in the Northern Illinois region, with both sales prices and the total number of home sales rising.
Why are prices rising so steadily? You can point to demand: Buyers have returned in force to the Illinois housing market, especially for homes priced well and in good locations. But there's another factor at play, too: low inventory levels.
There simply aren't enough homes on the market to meet demand. This is challenging for buyers. But it's great news for sellers. When inventory levels are low, it's easier for sellers to generate interest in their homes. A low-inventory market is the type of market in which sellers might receive multiple bids on their residences.
Low inventory levels increase the likelihood of a quick sale, too.
The factors, then, are certainly in place for a true seller's market, one in which homeowners have the edge over buyers.
The best way to sell a home for top dollar in this market or any other? Work with a knowledgable HomesByMarco agent who knows your neighborhood. We can help you set the right asking price and present your home in the best light. If you're ready to sell, contact us today at 888-326-2726.