Fran Broude, President and COO Coldwell Banker Residential Brokerage
Click here to see the View Summer 2013
I am happy to report that the spring real estate season is in full bloom! We are off to a strong start with the market showing signs of life and significant improvement that we haven’t seen in years. According to our multiple listing service, in the first quarter of 2013 the number of closed home sales was up 24% compared to the same time last year. Another notable finding is that the average market time is currently 137 days, down 22% from 2012. There are many factors that are feverishly driving the market recovery, but at the same time inventory levels continue to fall to record breaking low levels. The multiple listing service also reported that by the end of March new listings in Chicagoland were down 3.2% and the number of homes for sale fell to a 2.8 month supply, down 58% from last year. This trend combined with a surplus of potential buyers is creating a sense of urgency. Now more than ever, both buyers and sellers need a proven real estate company with experienced real estate agents who they can rely on to negotiate the best possible price for their home and who can best advise how to handle a multiple offer situation.
This in conjunction with Coldwell Banker’s innovative technology makes our clients positioned to succeed in today’s fast paced market. Providing the most successful experience possible for our clients is what we strive for by continually developing our online tools. One example is HomeBase, our proprietary system that provides secure, 24/7 access to transaction-related communication and documentation without all the paper! HomeBase Inbox helps you stay organized in your home search process with tools that make it easy to find, review and maintain a record of the properties that interest you. And HomeBase Intouch ensures that online inquiries reach our agents immediately so they can respond to a potential buyer quickly. Let the search begin by taking a look at this issue of the View and by visiting ColdwellBankerOnline.com.