I enjoy serving the buyers and sellers in the Northwest suburbs of Chicago. I stay abreast of the market activity in these areas in order to best serve the interests of my clients.

Occasionally, I will post interesting market activity reports for the markets I serve. These reports provide a ‘neighborhood level’ look at what’s happening with homes sales.

It helps to keep a pulse on the national housing climate as well. According to the Midwest Real Estate Data Monthly Indicator Report for February 2016, the primary story, both nationally and in local submarkets, is a dwindling months' supply of inventory. The cure, of course, is more inventory. But new construction has been lagging during this opportune moment, and sellers of existing homes are not yet hitting the market in droves. The heart of the selling season has yet to begin, so we're still optimistically watching for an increase in activity in the coming months.

The chart below compares River Grove, Franklin Park and Elmwood Park median home sales to the Entire MLS for the past three years. As you can see, River Grove, Franklin Park and Elwood Park have all seen a consistent increase.

As a REALTOR® member of my local association, I have exclusive access to stats like this and more. If you are thinking of buyer or selling in the northwest suburbs, give me a call so we can discuss what’s happening in your neighborhood.

I am here to help you make the best real estate decisions for you and your family.

Reach out anytime!

Joanne Metz, Broker 

HomeSmart Connect
Cell: 708 502 2127
[email protected]