Plainfield Home For Sale Inventory Not Increasing

Usually, home inventory increases closer to spring. This year, that is not the case so far. Home inventory in Plainfield, Illinois actually decreased in February 2022, from January 2022.

In January 2022, in Plainfield, there were 228 properties for sale (all property types) and in February 2022, there were 218 properties for sale.

In January 2019, there were 520 properties for sale in Plainfield.

What does low inventory mean for home sellers and buyers?

• For sellers: with less competition, and a strong seller’s market with a lot of buyer demand, it is a great time to sell. There is not enough inventory to meet the buyer demand, so most homes are selling at great prices with competitive terms. Mortgage rates are increasing, so buyer affordability is going down so it could be advantageous to list sooner rather than later.

• For buyers: even though it is a competitive market for buyers, there are so many advantageous to purchasing over renting, and buying earlier rather than later. As mortgage rates increase, buyer affordability decreases (the lower the mortgage rate, the more home price a buyer can get pre-approved for).

Whether you’re selling or buying in Plainfield or the Chicago suburbs, working with a highly experienced Agent is imperative. Who you work with makes a difference.

We, The Glockler Group, have been helping buyers and sellers in Plainfield and the Chicago suburbs for over 40 years! With unparalleled real estate expertise, The Glockler Group knows the intricacies of the multiple offers, the local market and the entire real estate process. The Glockler Group guides clients throughout the process and clients say the resources and information we provide clients are one the many things that set us apart from other Agents.

We have had record sales in communities for sellers and our multiple offer winning percentage for buyers is very high!

If you’re looking to buy or sell a home in Plainfield, Naperville, Oswego or the surrounding region, call Kristine Glockler, REALTOR, (708) 480-2011.