RealEstateBuyMe.com: Schaumburg Homes - What's the housing market doing now?

Positive Signs continue in our Schaumburg Real Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings.  For the November Schaumburg Single Family Homes are now 10% below 2010 closings and Schaumburg Multi-Family are now up 37% over 2010.  So our local market has totally flip flopped between the single family and attached. Homes have taken an extreme slow down and the attached housing is selling steady (see graph 3 months in a row).

For Schaumburg there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding markets the average sales prices are now going up.  If all goes well, our next trend will be for prices to finally level off and slight increases to begin for Schaumburg.  This also would have to take into account how much inventory we have going into winter and we currently are holding near 8 months supply.  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.

My summary shows slow growth and first time home buyers or investors have decided to jump in the market to snatch up all those townhouses and condos we've got. It's a good idea for investors as most sales prices will equal a positive cash flow. I've been in multiple offers again for the low end price ranges.



Looking for an agent that knows this fluctuating market?  Give me a call to discuss your housing situation and needs.



Search Schaumburg Homes
Search Schaumburg Townhomes