November 2020 Market Update

HERE'S YOUR NORTHERN ILLINOIS NOVEMBER 2020 MARKET UPDATE

McHenry County: Home sales month over month dipped by about 22.5%. However, we experienced an almost equal increase (~21.5%) compared to November of 2019.

Lake County: Home sales month over month also declined by about 21%. But, they about doubled in November of this year compared to November of last year.

Cook County: As in McHenry & Lake Counties, home sales fell about 21% from October. That said, November saw a 28% increase in homes sold compared to November 2019.

With winter approaching and the holidays just around the corner, we are seeing another dip in inventory. Both new listings and months supply have fallen from October. If you've had any thoughts of selling, now is the time to beat the influx of inventory expected this spring. We can work to get your home listed without negatively impacting your holiday plans.

Buyers, use this time to get your ducks in a row and take the necessary steps to prepare for your 2021 home purchase. Need a step-by-step guide? Reply to this email and I'll send you my home buyer's guide which will be sure to help!

Have a happy holiday!