lake county real estate. and then some…

selling homes…a family tradition

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Thinking of selling your home this spring?

Housing inventory remains low in most markets. Get a jump start on competing sellers by beating them to the market. Not sure what your home is worth? Call me and we will run through the numbers!

Top Reason to List Your House For Sale Now! | Keeping Current Matters

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

“While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.”

The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers.

The chart below details the year-over-year inventory shortages experienced in 2015:

Housing Supply Year-Over-Year | Keeping Current Matters

Anything less than a six-month supply is considered a “Seller’s Market”.

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now!

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14368 Dan Patch, Libertyville IL 60048

Spacious Green Oaks 4 bedroom enjoys tons of updates inside and out.  So great – it sold in 3 days!  $589,900
To see interior photos, click on picture below

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What do rising house prices mean to a buyer?

Housing inventory remains low, and buyer demand is beginning to rise. A diminished supply will lead to increasing home prices. Thinking of buying? You may want to purchase sooner than later!

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What is the true cost of waiting?

Economists, real estate experts and strategists are forecasting that 2015 may be the year of home appreciation.  What does that mean?  As a buyer – it means that your buying power may shrink.  As a seller – it may mean that your appeal to a buyer will be stronger earlier in the year, when the buyer can get more for their money. Coupled with the prospect of higher interest rates on mortgages, and a buyer may be considerably impacted.   To see how much, click here.

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What do you really want your listing agent to tell you?

Selling your home?  It’s not our awards that will help us sell your home, it’s our actions.  See what KCM Blog suggests that your agent focus on, here.