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Welcome to our blog page, where you can stay up-to-date on the latest happenings in real estate. We are dedicated to providing valuable insights and information on the local market here in Naperville, IL and tips and strategies for buying and selling property throughout the Chicagoland area. Whether you are a first-time homebuyer or a seasoned investor, you’ll find valuable content on our blog.
Welcome to our blog page, where you can stay up-to-date on the latest happenings in real estate. We are dedicated to providing valuable insights and information on the local market here in Naperville, IL and tips and strategies for buying and selling property throughout the Chicagoland area. Whether you are a first-time homebuyer or a seasoned investor, you’ll find valuable content on our blog.
National Real Estate Market Update April 2025
Are we seeing a shift in the real estate market? After years of favoring sellers, buyers are finally gaining more power in the housing market, but will it last?
Hi, I'm Kurt Clements with eXp Realty in the far west suburbs of Chicago.
Housing Supply
Nationally, we're seeing the highest "for sale" supply level in six years, with inventory sitting at a 4.2-month absorption rate. Given the current sales pace, this means it would take roughly 4 months for all active homes to sell if no new listings were added.
Balanced Market
Historically, a balanced market where neither buyers nor sellers have a strong advantage has around 4 to 6 months of inventory. Since 4.2 months is on the lower end of that range, the market is shifting toward more favorable conditions for buyers, but not necessarily a complete buyer's market.
So, if you are a buyer and want to take advantage of this slight shift, here are the four things you need to pay attention to:
Rising Inventory
First, be aware of the rising inventory in your area. As more homes hit the market, you will have more opportunities to choose from.
Price Growth
Second, be aware of price growth. Home prices are stabilizing, rising at their slowest pace in years, which means better affordability. Pay attention to pricing in your area.
Negotiation Power
Third, know your negotiation power. Buyers are securing more significant discounts and better terms. Make sure you have a good agent to negotiate favorable terms for you.
Interest Rates
And finally, be aware of interest rates. We are still seeing elevated interest rates, which are keeping some buyers and sellers sidelined. Make sure you are dialed in with an excellent lender to keep you informed when rates change so you can lock in a reasonable rate.
Will This Last
But here's the catch: this window of opportunity may not last! Demand could pick up again as more buyers realize deals are to be had, leading to more competition.
If you are a buyer, you need to act now. This Spring could be your best chance to get a great deal! And if you're a seller, you'll need the right strategy to stand out in a more competitive market.
Your Next Move
So, if you're curious about your next move, reach out! We'll lay out all your options so you can make a confident decision that's best for you and your family.
Thanks again for watching, and as always, we're here to help and we'll talk with you soon.
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Our Core Values
At our organization, we prioritize living and working by five key values. These values are integrity, leadership, innovation, accountability, and valuing people. Integrity is at the core of our values, and we always prioritize honesty and fairness. We believe in doing what's right and putting people first. Leadership is another important value we uphold. We strive to be positive examples and guide others with love, direction, and accountability. Innovation is a value that drives us to constantly improve and aim for excellence. We celebrate success, but we never stop learning and educating ourselves and others. Accountability is a crucial value that we hold ourselves and others to. We believe in being responsible to our families, company, and community. Finally, we value people just like family. We treat everyone with utmost courtesy, dignity, and respect.
What people are saying
"This is the second time I’ve used Kurt to buy a home. This time we were selling and buying. The process was stressful at times, but Kurt did a great job communicating and helping me through the process. He responded quickly whenever I had questions or concerns and was very reliable. I will recommend Kurt to others!"
- Nicole Bozek
"Kurt understands the market…"
“I can’t recommend Kurt enough. I worked with Kurt to sell my parent’s home in Aurora. He was invaluable to the entire experience. He not only helped us price the property but also
assisted us in marketing it well
and answered our questions through closing. It’s also worth mentioning that all of this occurred right as COVID was shutting things down. Kurt understands the market, so we knew how to position our home even in a particularly tough time. He gave us great advice and helped us with all of the little details that came up along the way – the things we don’t typically see and know how they’re handled, Kurt was well versed in and able to provide easy guidance. Bottom line: we recommend him wholeheartedly and would use him again.”
- Kelly Sherwood
"We sold, purchased, and closed within six weeks...smooth sailing from start to close."
“Kurt is top-notch, knowledgeable, personable, and a pleasure to work with during the often stressful time of selling and purchasing a home. Kurt handled the sale of our home and purchase of a wonderful townhouse as we downsized. He was highly responsive to our needs, questions, and anxieties, easing the process, which was complicated by the pandemic and quarantine. We sold, purchased, and closed within six weeks even as the economy was shutting down through his careful and caring work with us–and through the professionalism of everyone with whom he set us up–lawyers, mortgage lenders, photographers, client care staff, etc.
Kurt’s integrity, knowledge, and skill draw people of similar care and integrity around him, making the process of selling and purchasing smooth sailing from start to close. He and his colleagues are wonderful,
providing the best experience we have had selling and buying
in numerous moves.”
- Dixie Miller
"Selling our home was such a smooth process, and might I add FAST!!!"
“It was such a pleasure working with Kurt and his team on selling our home!! They understood the assignment! Selling our home was such a smooth process, and might I add FAST!!! We went into this having high expectations of how this entire process would turn out, and let me say we came out with all of our expectations met at 100%. Thank you so much, Kurt, for everything!!! Looking forward to working with you and the team again someday soon.”
- Gaja Faniel