When Should You Sell Your Home?

Seasonality in the housing market has long been a component in how fast a listing will sell, especially if you live in the Chicago area.  Winter is notoriously slow, however there are other factors impacting sales beyond the four seasons. Housing Wire recently published an article breaking down which months are better for selling and why.

Source: Tian Liu, Chief Economist - Genworth
Source: National Association of Realtors

Perhaps it is no surprise the largest growth in sales volume happens from February to March. This month-to-month marker is notable as, historically, the percentage increase determines how the real estate market will react for the rest of the year.

Another marker is mortgage applications.  Typically February is the most active month for home buyers seeking mortgage approvals.  As our economy stabilizes, banks approve more mortgages.  Home buyers then can list as they search for their next property.

Housing IllustrationAccording to Chief Economist Tian Liu at Genworth, the market saw a 20% increase in February mortgage applications in 2015.  2016 saw a 31% rise, the largest February increase in 18 years.  This sharp uptick in inventory stimulates the market, so all signs are pointing to a great year in sales.

Of course, these are national numbers, so what does that mean for our area? Liu says the Midwest tends to see its largest monthly share of home sales in May, and continues a steady stream through the end of August.   To read his full article, please click here.

So if you have been considering a move in 2016, it’s not too late.  McCleary Group’s top team of seasoned real estate agents would be happy to help you navigate the local real estate market in Hinsdale, Clarendon Hills, Oak Brook, Burr Ridge, Western Springs and throughout the western suburbs.  Contact McCleary Group today!

McCleary Group is Growing!

McCleary Group is proud to introduce
its newest team member!

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CLAUDIA PARRILLO

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New Luxury Hinsdale Homes For Sale!

McCleary Group is pleased to announce two new listings on the market in Hinsdale, IL! These luxury homes for sale are not to be missed, featuring premium locations, spacious indoor and outdoor living, as well as custom amenities and exquisite details every homeowner is looking for!  Please feel free to reach out to Megan and Tom McCleary for more information about either property below.

$1,775,000 | 605 E 3rd Street Hinsdale, IL 60521

605 E 3rd Hinsdale 1
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Elegant, exquisitely renovated 5 bedroom, 4-full, 2-half bath Tudor situated on over .5-acre!  It features a sprawling floor plan with grand room sizes. The home includes a lovely chef’s kitchen complete with custom white cabinetry, stainless steel appliances and granite countertops. The family room has a vaulted ceiling which flows effortlessly to kitchen and back yard terrace. 605 E 3rd Hinsdale Living RoomThere is also a gracious dining room and living room, as well as a bright sunroom adjacent to living room overlooking both front and back yard.  The home also has a huge office with coffered ceiling; dual powder rooms, laundry room, mud room and butlers pantry complete the 1st floor. The 2nd floor boasts a spacious master suite complete with sitting area, dual closets and spa master bath. 4 additional bedrooms and 3 additional baths complete the 2nd floor. The lower level includes space for an additional bedroom or office, spacious recreation room with fireplace, wrapping room and huge storage room. Exterior includes a 3-car garage and lush landscape! Perfectly move in ready!

$1,399,000 | 618 S Washington Street Hinsdale, IL 60521

618 S Washington Street, Hinsdale

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Situated on one of the most desirable streets in Hinsdale, just a few short blocks to the center of town, this well-appointed 6 bedroom, 5.5 bath home is sure to impress! Gourmet chef’s kitchen with all white cabinetry and granite countertops, opens to breakfast room and inviting family room overlooking the back yard. 618 S Washington Hinsdale Living RoomLimestone fireplaces adorn the family room and living room. There is also a 1st-floor laundry room/mud room and butler’s pantry. The 2nd-floor boasts a spacious master suite with gorgeous spa bath and huge closet. 4 additional bedrooms and 3 more baths complete the 2nd and 3rd floors. The lower level includes a recreation room, exercise room, office or bedroom and full bath. Deep back yard, paver brick patio, lush landscape and 2-car attached garage complete this immaculate home. A true walk to town, schools and train location.

For more information or questions, please feel free to contact the McCleary Group.