Spring Garden in Deer Park Illinois
The spring real estate housing market in Barrington, Deer Park, Palatine, Lake Zurich, Schaumburg and the surrounding areas is here. Buyers are increasing their activity and many are actively looking now, some even buying. It seems like our market is moving in the right direction with some positive news for our Northern Illinois mls area in March:
Median prices for homes on the market that are selling seem to be slowing as far as a downturn.
Our inventory supply (# of homes for sale) is at the lowest level in over 22 months. Supply and demand, not a good thing for home buyers as they will have fewer homes on the market to choose from. This all helps stabilize home prices.
Closed home sales are down 12% for March over last year this is an improvement over our January and February figures.
These are some of the signs that our Spring Housing Market is here.
Posted By: Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty