May 2023 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
Are you buying a home in any of these communities? Check out this Market Tracker
WHAT IS YOUR HOME WORTH? CHECK IT OUT!
This month’s May 2023 Real Estate News looks at the recent jump in homes sales, explores five signs your roof will need replacement soon, and the need to understand your local real estate market. We also look at tips for maximizing storage space and landscape projects that see a significant ROI. All of this and more in the May 2023 Real Estate News.
Know Your Local Real Estate Market
When it comes to selling your home, the phrase “all real estate is local” accurately describes how you should view your individual circumstances. National trends in real estate do not necessarily reflect what is happening in your town, city, or region. Prepare yourself to make smart decisions about the sale of your home with these five local real estate factors.
1. Know Your Market. A seller’s market has high demand and low inventory, resulting in quick sales and premium pricing. On the other hand, a buyer’s market has many homes for sale, requiring flexible pricing and incentives. Most housing markets fall somewhere between these two extremes, so it’s essential to keep an eye on the local trends and fluctuations in supply and demand to make informed decisions.
2. Price It Right. Setting the right price for your house depends on various factors, such as the price range of similar homes in the area. Homes in the busiest price ranges typically have the largest pool of buyers, so it’s essential to make sure your house meets buyers’ expectations. Attend open houses for similarly priced homes to see how your property compares.
May 2023 Real Estate News
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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