Health & Fitness
3 Reasons to Sell Your Oswego, IL Home Today! (Part II)
A seller's ability to sell their home in today's real estate market will be determined by both the supply of homes for sale and the demand for that housing.
A seller’s ability to sell their home in today’s real estate market will be determined by both the supply of homes for sale and the demand for that housing. In real estate, supply is represented by the current month’s supply of homes for sale (the number of homes for sale divided by the number of homes sold in the previous month).
While there is no steadfast rule that will apply to pricing in every category of housing, here is a great guideline:
- 1-4 months’ supply creates a Sellers’ Market where there are not enough homes to satisfy buyer demand. Appreciation is guaranteed.
- 5-6 months’ supply creates a Balanced Market. Historically home values appreciate at a rate a little greater than inflation.
- 7-8 months’ supply creates a Buyers’ Market where the number of homes for sale exceeds the demand. Depreciation follows.
So, what exactly is happening in Oswego, IL?
We are seeing the same trends in the Oswego IL homes for sale that we are seeing in the National Trends.
Find out what's happening in Oswegowith free, real-time updates from Patch.
Oswego is falling quickly into a “Sellers' Market” as soon as May 2013!
Oswego IL Townhomes: 6.4 MSI (down 44% YOY)
Oswego IL Single Family Homes: 6.5 MSI (down 39% YOY)
Find out what's happening in Oswegowith free, real-time updates from Patch.
The Ayers Team is selling homes in a matter of DAYS! Many times with Multiple Offers!
465 Dancer Ln, Oswego, IL 60543 - 8 DAYS!
52 N Bereman Rd, Montgomery, IL 60538 - 16 DAYS!
3424 Rosecroft Ln, Naperville, IL 60564 - 7 DAYS
1861 Cattail Cir, Aurora, IL 60504 - 6 DAYS!
531 Lakeview Dr, Oswego, IL 60543 - 6 DAYS! (contract being written as I am typing!!)
Read our Comprehensive Marketing Plan and ask us how we can sell your home for 4.5%!!
Rich Ayers is a licensed Real Estate Managing Broker in Illinois. Ayers Realty Group has EXPERIENCED Brokers who specialize in Residential and Investment real estate in Naperville, Oswego, Plainfield and the surrounding suburbs of Chicago. We also own and manage multiple investment properties and help real estate investors find, buy, fix, rent and sell their investments. We are experienced Short Sale experts and hold the CDPE (Certified Distressed Property Expert and SFR (Short Sale and Foreclosure Resource) Designations. Visit our website at www.AyersTeam.com or follow us on Facebook.
