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It’s a Seller’s Market in Plainfield

June 7, 2019 by Steve Roake Leave a Comment

June 7, 2019

It’s a great time to be a seller in Plainfield! The Month’s Supply of Inventory (MSI), a key metric in determining if it’s a seller’s, buyer’s or balanced market is skewed toward sellers at 2.8 MSI (for homes under $450,000). Less than 3 months is a seller’s market, more than 5 is a buyer’s market and in between 3 and 5 is balanced.

Aurora, Naperville and Plainfield combined have a 2.9 MSI for all homes. Buyer demand and inventory have been creeping up over the last few months with 218 more homes for sale in May than in February and 72% more homes under contract in the same time frame.

Lending is also easier with no down payment loans available and loans for people with 580 credit scores.

Many people are leaving Illinois for Indiana, Tennessee, Florida, Arizona and other states where lower taxes and nicer weather are available with comparably priced homes.

So if you’re interested in finding out what your home is worth and if now is a good time for you to move, contact me and we’ll sit down for a no cost, no obligation consultation.

You can view My Marketing Plan which I will customize to sell your house for more money in less time.

Filed Under: Real Estate Tagged With: homes for sale, marketing, plainfield, real estate, seller

About Steve Roake

Hey there! I'm Steve Roake. I work with buyers, sellers and investors in the Plainfield area (Naperville, Aurora, Oswego, Bolingbrook, Shorewood, Joliet) who are looking to save time and money in real estate.
I've been a Realtor for 16 years and I've served over 400 families to date. The best praise I've ever received from a client was “Steve is someone I would recommend to anyone that is looking to buy a house”.
Helping people to become first time homeowners like that, makes me so proud and drives everything I do!
If you're looking for a Realtor who listens to your needs and delivers results, I'd love to work with you, too! I've had an average market time of only 19 days and gotten my sellers 99.6% of their asking prices, while helping buyers successfully outbid cash offers when they still had to sell their home (most would say this is impossible).
When I'm not helping people buy or sell homes, I can be found working in the garden, playing with my 2 girls or just relaxing with a book or playing games.
Want to learn more about how we can work together? Call or text me anytime! 815-603-0077.

Thanks for reading my story!

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