As a Realtor®, the number one question I get every day is ‘How’s the market?’. We all want to make sure our biggest investment is protected when the market shifts. During the pandemic we have seen rapid movement in the market unlike we have ever seen before, and predominately in a positive way.
At the start of the pandemic, when everything shut down, we had to quickly shift and pivot to get our active listings sold. There was so much fear in the marketplace we had to do what it took to make buyers comfortable to tour properties, while keeping our sellers homes healthy. It took time, but with all the masks and gloves and sanitizer homes ended up selling for record prices and in record time. After months of being cooped up in our homes so many people started looking at their homes differently and wanted a change. If anyone was even thinking about a move in the slightest way, or moving in a year, the timelines suddenly moved up and everyone was making a change. Upsizing, downsizing, moving to be closer to family and overall just a different space for the new way we live our lives today.
Today the Chicago market is still moving rapidly, but we are seeing record low inventory. There are not enough homes for the amount of buyers that are looking to move. This creates a demand we haven’t seen in years!
Have you thought about buying or selling recently? Take a look at the snapshot of three schools in the Lakeview neighborhood of Chicago. In these popular school districts, there is record low inventory on the market. Whether you are looking to capitalize on the low interest rates before they may rise or you are looking to sell your home, today may be the day. Contact me and my team, The Yeager Team to make your next move!