Looking to buy a home? What is happening in the local market…

You’ve might’ve seen or heard that there is still a home inventory shortage. There is a lot of buyer demand / a lot of buyers looking to purchase homes but simply nowhere near the home inventory supply there should be - for various reasons. By just how much? Take a look at this, provided by MBS Highway…in 2007, there were 4.0M homes and in 2023, only 980K!

source: MBS Highway / Barry Habib

Real estate is hyper-local: if you’re thinking of buying or selling in the Chicago suburbs, let’s have a conversation about the specific market(s) in which you are looking to buy or sell to best prepare you for success.

Advice: be cautious of some advice from others. Unless someone is actively in the real estate market, as a Real Estate Professional, buyer or seller - in the same market - it might be best to take opinions and advice with a grain of salt., per se. Even other suburbs, other locales in the Midwest can be very different from another market. “What the local market is doing” depends on that particular market, property type and price point. There is simply not enough home inventory (supply) to meet the buyer demand in most of our markets. While other people might want to give their advice or opinion on the “real estate market” it is best to talk with us, your Real Estate Professional who are honest about the local market, what is happening, etc.

Kristine Glockler, a Top-Notch Award-Winning REALTOR based in Naperville, Illinois, specializing in many of Chicago’s suburbs. (708) 480-2011