Hoffman Estates IL - What's happening with the housing market?
By Lyn Sims, Real Estate Broker Retired
Hoffman Estates IL Homes - Hoffman Estates IL Real Estate - Housing Market for October 2012 Looking for current and concise market information for Hoffman Estates IL Homes? You've come to the right place and I've actually been seeing a distinct improvement for the last 18 months. Interest rates have never been lower with affordability continuing to be the best it's ever been.Let's talk about a few different market facets here - the months supply of inventory for Hoffman Estates IL Homes has been steadily decreasing and has actually kept our recovery on an even keel. We have 58% less in housing inventory then we did a year ago. With too many competing homes on the market, listing prices are forced downward which is what we have experienced in the past. Another excellent indicator that...
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