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November 2020: Chicagoland Real Estate Update

Note: This real estate market update originally appeared on November 10, 2020. Go here for the most recent Chicagoland news.


Welcome to a month of Gratitude!
We are grateful for you, pumpkin spice, and pie! Be sure to reserve yours – details in the video. Plus, home updates and more.Let’s get started…

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Watch for more details!

It’s natural to think that in any market, one person will “lose” and the other will “win.” In practice, that’s not the case because we’re always looking for a win-win outcome.

We negotiate an agreeable price and terms, and almost like magic, we exchange keys, families move, and new stories begin.

No matter what happens in between, closing day can and should be a win for all parties.

What is a Seller’s Market?

The definition of a Seller’s market is when more buyers are looking for homes than there are homes available.

A Seller’s Market happens for many reasons. An employer may relocate and bring more jobs into an area or, as we see now, historically low interest rates motivate buyers to lock in a predictable house payment, amplify buying power, and hedge against inflation.

 How Do Buyer’s Win During a Seller’s Market?

Should a buyer wait for a Seller’s Market to cool? The answer is, it depends.

During our Buyer’s Consultation, we discuss your motivations, your goals, and your timeline for homeownership. Sometimes it makes perfect sense to buy a house, even in a Seller’s Market. Other times it doesn’t.

Our goal is for you to be confident in your choice, and we want you to win. Having your pre-approval in hand is a must. Writing a winning offer is next. We work closely with you and our peers to put you in the best position.

How Does a Seller Win During a Seller’s Market?

Today’s buyers are well informed. Even when the market is in your favor, your house must be priced and positioned the right way.

It’s tempting to price above the market and wait for the right buyer to come along. We can talk about how that strategy helps and hurts during our consultation.

We also discuss the market for your neighborhood (location) and your price point. Not all homes are in a Seller’s Market at the same time!

We’ll show you how much homes like yours finally sell for because the listing prices you see online only tell part of the story. We will sell your house with the highest net profit possible in the time frame that works best for you.

Do I Need a Consultation?

Our goal is to educate you about all the possibilities and challenges so you feel confident about your decision. We never want you to miss out on an opportunity or jump into something blind based on something you read or heard, which may or may not apply to you or our local market.

Let’s set up a no-obligation consultation to be confident about how to read our current housing market news. Even when you’re not 100% certain you want to buy or sell right now, there is no harm in seeing what is possible.

Call today and let’s get you on your way.

Don’t forget to download our app where you’ll find a Guide about the Home Selling process so when you’re ready, we can get you moving in the right direction.

I’m ready for a Consultation

15558 W 159th St , Homer Glen, IL 60491
Almost 1 acre! Offered at $449,952

I’m interested in this house!

14949 Lakeview Dr Unit 305, Orland Park, IL 60462
Now Available! $149,900

See all pictures and details here

820 Sunnyside Ave , Thornton, IL 60476
Now Available: $161,900

I’m interested in this house

172 Catfish Cir , Wilmington, IL 60481
Now Available: $145,900

I’m interested in this home

708 Pelican Ln , Peotone, IL 60468
Now Available! $244,900

I’m interested in this home

10 E Donovan Ct , Crete, IL 60417
Under Contract: Representing Buyer

5652 171st Pl , Tinley Park, IL 60477
Under Contract: Representing Buyer

5811 W Roscoe St., Chicago IL 60638
Under Contract: Representing Seller

18423 Stewart Ave , Homewood, IL 60430
Under Contract: Representing Seller

819 W Terrace Dr , Glenwood, IL 60425
Under Contract: Representing Seller

1470 Whitespire Ct , Naperville, IL 60565
Under Contract: Representing Buyer

2546 Wallace Dr., Flossmoor, IL
Under Contract: Representing Seller

Here are just a few homes that we SOLD in the last couple of weeks. Who’s Next?

3214 N Seminary Ave Unit 1, Chicago, IL 60657
SOLD: Represented Buyer

17914 Highland Ave, Homewood, IL 60430
SOLD: Represented Buyer

16648 Meadow Ln, Tinley Park, IL 60477
SOLD: Represented Buyer

6944 Brementowne Rd, Tinley Park, IL 60477
SOLD: Represented Seller
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The Wexler Group at Keller Williams Preferred Realty is thrilled about working with NAWS Humane Society of Illinois to accomplish our mission of helping to rescue one pet for every home we sell. We are Realtors who rescue dogs and cats from unjust situations and could not think of a better company to team up with.

NAWS rescues dogs and cats from high-kill facilities that are likely to be put down. This means they take in very young puppies and kittens, terminally ill and senior pets, and other animals in difficult situations such as heartworm positive dogs. NAWS aims to end pet homelessness and unnecessary pet euthanasia, focusing specifically on providing low cost spay and neuter services to prevent litters that would not get the proper care they deserve..

The Wexler Group is very passionate about this organization, along with all the other great charities we work with. Every person that buys or sells a home with The Wexler Group will have the option, at our expense, to welcome a rescue dog to their home or we’ll make a donation to NAWS in your name. If you would like more information about NAWS or the work we do for our community, please feel free to contact our team at any time!

Learn about NAWS

Client Experience

Join our Raving Fan Club!

The Wexler Group
Keller William Preferred Realty
16101 108th Avenue
Orland Park, IL 40674


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