Here’s what you need to know about our 2020 real estate market.
How did our northwest Chicago housing market do in 2020? I recently had the pleasure of once again joining Mike Zapart in one of his videos to help him answer that very question. We’ll show you the key year-over-year stats to know and explain what they mean for our market moving forward in 2021. We’ll also offer up my advice for buyers and sellers looking to make a move. As you may have heard, interest rates are lower than they’ve ever been, which is basically a wide-open invitation to homeownership.
Feel free to watch the video above in its entirety or use these timestamps to skip ahead to various sections at your leisure:
0:46—Sale price activity; advice for buyers looking to secure a new home and low interest rate
2:06—The number of homes sold; options for those who need to buy and sell
4:12—Investing in real estate in our current environment
5:14—Getting pre-approved with Stonehaven Mortgage
6:46—What inventory levels mean for home sellers
8:24—The average number of showings and what it says about demand
10:43—Wrapping things up
As always, if you have questions about our market or are thinking of buying or selling a home soon, don’t hesitate to reach out to us. We’re happy to help.
