September 2021 Market Update

HERE'S YOUR NORTHERN ILLINOIS SEPTEMBER 2021 MARKET UPDATE

McHenry County: We saw a 6% decrease in homes sold month over month, and a 10% decrease compared to September of last year.

Lake County: We saw an 11% decrease in homes sold month over month, and a 10% decrease compared to September of last year.

Cook County: We saw a 13.5% decrease in homes sold month over month, and a 6% decrease compared to September of last year.

Overall in our MLS, we saw the number of listings decline throughout September, dropping 5.5% from the first full week of the month. Across all of these counties, we are seeing number of showings per listing decreasing and market time slightly increasing. We are seeing buyers being a bit more selective than earlier this year. That said, interest rates are still low so there are plenty of buyers still searching and we are still seeing multiple offers out there. Sellers, get your home sold now before we head into the winter months. And buyers, let's discuss a game plan to help you succeed in this market.

If you have any questions about buying or selling today, just let me know.