1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
Each office Independently owned and operated.
GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com
FINEST CONDOS & TOWNHOMES www.DowntownPalatineHomes.com
Living, Loving, and Promoting Our Community’s Value Since 2004 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2023
Visit DowntownPalatineHomes.com for community info, listings, and recent sales.
JUNE 2023 REAL ESTATE MARKET REPORT
HOME PRICES REMAIN HIGH
NOW IS THE TIME TO SELL! Even though we’re no longer seeing the buyer frenzy that drove home values up to their peak last summer, prices have been relatively flat at the national level. You might think that in order to attract buyers in today’s market, sellers would have to lower prices. But there’s another factor at play – low inventory.
MONTHS’ INVENTORY OF HOMES FOR SALE 2011 - TODAY 9.5 7.5 5.5 3.5
Downtown Palatine Homeowner, With so few homes available for sale today, it’s important to work with a trusted real estate agent who understands your local area and can navigate the current market. If you’re thinking about moving this year, let’s connect. Call me at 847.977.7024.
1.5 2011
2013
2015
2017
2019
2021
2023
Data represents the past 12 Januarys | Source: NAR
“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.” - B A N K R A TE
PRESENTED BY GREG OLSON YOUR DOWNTOWN PALATINE NEIGHBOR AND REAL ESTATE SPECIALIST
PREPARED ESPECIALLY FOR Downtown Palatine Homeowner