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If you are considering the sale of your residence in 2021, here are some additional considerations for you:
Typically, the January after a Presidential election is characterized as having brisk sales activity. Just before the November election, uncertainty enters the mindset of consumers thereby slowing down the sales activity which normally occurs during this time. While the election is over in November, these consumers push the home sale/purchase process into the new year once the holiday season has ended. This shifts the activity into January.
Affordability is high. With interest rates below 3%, it's so affordable to buy.
Exit from the city. City-based families with young kids see this as an opportune time to do what they ultimately were going tto do anyway-leave the city and move to a close-in suburb. This has caused extraordinary demand in places like Western Springs, LaGrange, Hinsdale and Clarendon Hills.
When the buyers' home sells. If your house is a candidate for a city-based buyer, that buyer needs to buy when their city property sells. It doesn't matter if that's in the midst of the holiday season or not.
It takes time to properly prepare a home for sale and gett the marketing materails in place. It makes sense to pre-empt the balance of sellers who mistakenly think that the market will pick up 'after the Super Bowl'. The time is now.
To privately discuss a plan for the sale of your property, call 630-286-9242.
Chicago's western suburban real estate market is active.
Over the past 30 days in Hinsdale, Clarendon Hills and Western Springs, there have been 89 newly accepted residential real estate contracts. That's about three each day. 52 homes have closed. 159 new listings have come on market.
Summer is the new spring!
Let's take a look at Hinsdale, LaGrange, Western Springs and Clarendon Hills for the 30 day period ending today. The infographic shows that there have been 81 newly accepted contracts during this period. That is an impressive number under any circumstances let alone the Covid pandemic. Last Saturday May 30, 2020, the first full weeeknd day since the shelter-in-place order was lifted, the showing activity had skyrocketed. So if we look at this same infographic in a month, we will see an even higher number of newly accepted sales contracts in Western Springs, Hinsdale, LaGrange and Clarendon Hills.