Market Snapshot

 

Closed Listings are down in 2022 vs 2021.

1. Inventory remains low.

2.  Prices have stabilized.

3. Demand is lower.

4. Multiple Contracts still happen, but not like earlier in the year.

5. Home Sellers will still be happy with their selling price because Appraisers are still generous.

Breakfast has gotten more expensive.

 

Illinois New Listings Down from 2021

 

Market Update

• Homes are still selling fast. 
• The Market is not as hot as it was in the Spring.
• There are less buyers due to Interest rates. 
• Homes that look the best and are in better condition sell much faster and for TOP DOLLAR!
• Yes, it is still a Sellers Market.
• Covid has had very little impact to this current market.
• Monkeypox has had no effect.
• High Gas prices has had little affect on home viewings.
• Homes delivering Lake Michigan Water are more preferred than homes that offer municipal well water.

5 States with the Largest Population Growth

 Not a big surprise here. Funny how most people seems to be heading South away from the snow. 

Interesting Words from a former President and General

 “If we are to have another contest (civil war) in the near future…I predict that the dividing line will not be Mason and Dixon’s, but between patriotism and intelligence on the one side, and superstition, ambition, and ignorance on the other.” - President Grant, 1875

Interesting Chart on home prices since 1963