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Created | 1/2/25, 6:15 PM |
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Page Name | Chris Kelly - Real Broker LLC |
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Body | Time for everyone's favorite game, "Why is Illinois continuing to see home value increases?" 🔥 In the top tier of year-over-year home value data on this chart, Illinois markets hold several spots. With forecasts for continued home value and price increases in 2025, buying in most Illinois markets is tough and competitive with low-inventory. The state continues to be the home for numerous Fortune 500 companies and even with net-out migration (population decrease) the demand for housing remains high without the supply to keep up. So, you get home price increases.📈 For some reason, many people are waiting for a home price crash and there simply isn't any data or compelling reasons to make that wager. "I'm going to wait for prices to fall" 🏘️ buyers have seen themselves lose more and more buying power and more and more potential equity every single year. If you're a seller, you need a carefully constructed strategy so you can tap into this demand without killing your listing (I've seen a LOT of dead, price-dropped, and left-behind listings in late 2024 ☠️ but that's an entire other story). If you want to know how this data impacts your 2025 real estate decisions, let's talk. 💪 |
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Current Page Name | Chris Kelly - Real Broker LLC |
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