October 2021 Market Update

HERE'S YOUR NORTHERN ILLINOIS OCTOBER 2021 MARKET UPDATE

McHenry County: We saw a 8% decrease in homes sold month over month, and a 15% decrease compared to October of last year.

Lake County: We saw an 12% decrease in homes sold month over month, and a 19% decrease compared to October of last year.

Cook County: We saw a 7% decrease in homes sold month over month, and an 11% decrease compared to October of last year.

We still have low supply, but in contrast to earlier this year, we are seeing lower buyer demand. This is still a seller's market, but it is just less extreme than it was earlier this Spring/Summer. We are seeing the playing field even out a bit more. Thinking of buying or selling in the coming months? Let's chat now so we can discuss the market and craft the best game plan for you.

If you have any questions, just let me know.