September 2020 Market Update
HERE'S YOUR NORTHERN ILLINOIS SEPTEMBER 2020 MARKET UPDATE
McHenry County: We saw a 7% decrease in homes sold in September over August. However, this was a whopping 40% increase from September 2019
Lake County: We saw a 2% decrease in homes sold in September compared to the previous month, but a 60% increase from this time last year.
Cook County: We saw a 9% decrease in homes sold in September compared to August, but this was a 30% increase from September of 2019.
While we are seeing a very slight slowdown in homes sold month over month, it is still a dramatic increase compared to this time last year. This further supports that we are seeing the typical monthly trends shift out -- largely due to delays in the typical "spring market," coupled with the fact that buyers are still out searching for homes due to the low interest rates.