St Charles Homeowners: Now Is The Time To Sell

We’ve all heard of the law of supply and demand. Rare things cost more, an overabundance causes prices to drop. The St Charles housing market is still in that sweet spot where demand outweighs supply, making it a great time to sell!

There are several factors that go into pricing a home, and more importantly, what a buyer will pay for it.

• Location
• Competition
• Condition
• Supply & Demand

These are just a few of those factors. Now location, well, you can’t really do anything about that. The condition of your home you can totally control. Competition as well as supply & demand is a timing issue.

As you can see in the chart above, there are currently 5.6 months of inventory in the St Charles real estate market. This puts us in a sellers market, prices are elevated by the higher demand.

When the spring market gets going, listings will flood onto the scene raising supply and competition. Thus, lowering prices. New construction in the Fox Valley is also on the rise, so you have to add that into the mix...more competition.

It’s not too late. If you’ve been considering selling your St Charles home, now IS the time. No more waiting, no more sitting on the fence wondering.

Find out what a buyer would pay for your St Charles home right now. Then, if you’re thinking of taking the next step, give us a call at (630) 488-3300. We’ll be happy to answer any questions you have and show you how we can help your family take advantage of the current St Charles real estate market.