While the world watches presidential debates and prepares for the upcoming election, we’re turning our attention to real estate market in Hinsdale.
📉 Low Inventory: With just a 2.8 months’ supply, inventory is as crucial as swing states.
🥳 Seller’s Market: Sellers are celebrating landslide victories with high demand and limited supply.
⏳ Fast Sales: Homes are selling in just 25 days—blink and they’re gone!
💰 High Prices: Median home price is $1,050,000, reflecting the competitive market.
🏆 Buyer Tips: Buyers need to be prepared to make strong offers and act quickly.
🎉 Seller Tips: Sellers, you’re in the driver’s seat, but don’t get complacent!
Eric Andersen, B.A., M.Div.
Owner/Designated Managing Broker, Andersen Realty Group
📲 Text/Call: 708.674.6725
📩 Email: eric@eandersenhomes.com
🌎 https://www.ericandersenhomes.com
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⭐️ Pricing Strategy Advisor (National Association of REALTORS®)
⭐️ Certified Staging Consultant (Mainstreet Organization of REALTORS®)
⭐️ Accredited Buyer’s Representative (ABR®)
Transcript:
While the world watches presidential debates and prepares for the upcoming election, we’re turning our attention to the red-hot real estate market in Hinsdale. Even in this polarized, political climate, both sides of the aisle can agree that Hinsdale’s market is on fire. I’m Eric with Andersen Realty Group, and our first topic is inventory.
Inventory is as crucial to real estate as swing states are to elections. Inventory’s a key metric that shapes the real estate battlefield and whether buyers or sellers have the advantage. Hinsdale has a mere 2.8 months supply of homes, which gives a distinct advantage to team seller. It’s so competitive that the current debate isn’t so much buyer vs. seller, but if team buyer should drop out of the race entirely. Some buyers are worn down and have called it quits. Others are determined to persevere. I can’t tell you what’s right for you, but I can tell you that if you stay in the race as a buyer, be prepared to write strong offers. Inventory has dropped by 58% over the past year, making homes as coveted as votes in a tight race. Sellers are celebrating landslide victories and holding power like a Commander in Chief.
Our second topic is market time. Hinsdale’s homes are only spending a median of 25 days on the market, which is the real estate equivalent of a single news cycle. Blink, and they’re gone. If something good comes up, buyers need to get in to see them right away, or, if possible, while they’re still on the private listing network. This market is definitely a sprint, not a marathon. Sellers, leverage low market time to get better terms. In addition to a premium price, many buyers are offering to purchase as-is with flexible closing and post-closing possession for the seller, and appraisal gap addendums.
Our third topic is price. Hinsdale homes are currently selling for a median of $1,050,000, which is 98.8% of asking price. It’s a reflection of the competitive market and premium value of homes in Hinsdale. Buyers need to be prepared to make the strongest case possible for themselves. It’s a big investment, but one that promises unmatched quality of life. Sellers can expect offers very much in line with the polling plus or minus a few percent, typically right around asking price. With such high demand and premium prices, sellers are reaping the rewards of a hot market. Buyers recognize the value Hinsdale offers and are willing to pay for it.
The verdict is in, and there is no debate about it: Hinsdale’s market is hotter than a summer day. Buyers, be prepared to run a tight campaign and don’t let the competition or setbacks discourage you. If you persevere and have a great team at your side, you will eventually prevail. It may not happen the first or second time, but I’ve yet to have a ready, willing, and able buyer not secure a home. Like the proverb says, fall down seven times and get up eight. It usually won’t take seven times, but that’s the mindset you’ll need. Sellers, you’re in the driver’s seat, but don’t get complacent. Putting in the effort and having a great team of your own ensures you’ll get the best returns. If you like this video, don’t forget to give it a thumbs up and hit that subscribe button for more real estate updates, tips, and market insights, and reach out anytime if you’re looking to run a tight campaign to sell or buy a home in Hinsdale or the western suburbs of Chicago. I’m Eric with Andersen Realty Group, a family-owned brokerage where we treat our clients like family.