Sun Dec 16th, 2024
Happy Holidays!
How have you been? 2024 continues to be a seller's market right up to the end. Compared to a year ago, the average sales price in Cook county increased by 9%. Similar to 2023, this year again the market has been experiencing inventory shortage with 4% fewer homes listed than last year.
With many owners still enjoying very low interest rates from a few years ago, and a limited supply of new construction, this trend is expected to continue for a while.
Unlike the year's early anticipation of lower interest rates, the current prime mortgage rate decrease did not make much of an impact on the mortgage market. As the US economy continues going fairly strong, many foresee the real estate market prospect of next year will be similar to this year. But maybe buyers will get tired of waiting and start looking in 2025. We'll see what the new year offers them.
I am thankful for you who showed strong trust in me to sell your properties after years of connection. Your trust in my professionalism and service is the most important drive for me as a solid realtor in the market.
As an advocate of wellbeing in both community and personal life, and as a realtor and group fitness instructor, 2024 has been another great year for me. I hope all of you also enjoy the rest of this year and welcome a cheerful 2025!
Best wishes,
Hyunsoo "Helen" Lee
Realtor, Residential Community Commercial Associate (RCC), Price Strategy Advisor (PSA), Short Sale and Foreclosure Resource (SFR®)
Coldwell Banker Realty
Group Fitness Instructor
Fitness Formula Club (FFC), YMCA Metro of Chicago, Gottlieb Center for Fitness, Park District of Oak Park, Harmony Health and Wellness INC, and LA Fitness
For more details click the link below:
More to come!
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