September Real Estate Trends in the West Suburbs of Cook County
- Linette McNeeley
- Oct 10
- 2 min read
Updated: 5 days ago
As the leaves begin to change and fall sets in, the local real estate market experiences some interesting shifts. September brought notable changes to the West Suburbs of Cook County. Whether you're a homeowner, a buyer, or simply keeping an eye on the market, here’s what you need to know about last month’s trends.
Inventory is Up: More Homes Available
In September, the number of homes available rose to 561, marking a 12% increase from August. This boost in inventory indicates that more sellers are entering the market before the holiday slowdown. As a result, buyers now have more options to choose from!
Slight Uptick in Buyer Activity
Homes under contract also saw a 9% increase, totaling 155 for the month. This suggests that despite the cooling weather, buyer interest remains strong. Some buyers are making moves ahead of the traditionally slower winter season.
Homes Sold Took a Dip
On the flip side, the number of homes sold dropped 29%, with only 143 closings in September. While this may sound concerning, it’s not unusual for fall to bring a slowdown in closings. As summer contracts wrap up, fewer new ones close before the holidays.
What Does This Mean for You?
For Sellers
With inventory rising and sales slowing, pricing your home right is more important than ever. A strong marketing strategy will help your property stand out in this competitive landscape. Consider staging your home and enhancing its curb appeal to attract potential buyers.
For Buyers
You have more options and possibly less competition! This makes it a smart time to house hunt if you're looking to avoid bidding wars. Take your time to explore different neighborhoods and find the perfect fit for you.
For Investors
Keep an eye on market conditions. This could be an opportunity to buy while demand takes a seasonal breather. Look for properties that may not be getting as much attention during this time, as they could offer great value.
Understanding Market Trends
Understanding these trends can help you make informed decisions. Whether you’re buying, selling, or just exploring your options, it’s essential to stay updated. The real estate market can be unpredictable, but knowledge is power!
If you're curious how these trends impact your specific situation, let’s chat! I’m here to help you navigate the complexities of the real estate market. Together, we can find the best path forward for your needs.
@properties Christie's International Real Estate
(708) 466-1458
Comments