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Buyer Showing Activity Gives You the Advantage

July 25, 2016 by Lisa Finks Leave a Comment

How’s the Showing Going?

What if you knew how many buyers were viewing competing properties?  Buyer showing activity is an essential metric to consider when buying or selling a home.  On a national level, it speaks to consumer confidence in the housing market.  On a local level, it provides you with a competitive advantage.  For my buyers. I do my best to evaluate the competition in a certain price point and even, where possible, the competition for a particular property which dictates how aggressive you should be when making your offer. For my sellers, I analyze the price bands with the most buyer activity so that you can price your home where the buyers are.  Buyer showings in Illinois have strengthened over the last 6 months which is a reflection of our busy spring season and a fairly consistent housing market (see below).

The National Outlook

Buyer Traffic 3Q 2015

Buyer Traffic 3Q 2015

Buyer Traffic 2Q 2016

Buyer Traffic 2Q 2016

Buyer Showing Activity: Wilmette, Winnetka, Glenview and Lincoln Park

Note, that for local buyer showing activity in Wilmette, Winnetka, Glenview and Chicago, the most telling stat is the average showings per listing as it takes into account the number of listings in each price point.  The strongest segments are:  Winnetka – $1.2M-$1.3M; Wilmette – $1.25M-$1.3M; Glenview – $1.4M-$1.45M; Lincoln Park – $1.25M – $1.3M. If you would like me to run numbers for your price point or a particular home (which I can often do), contact me and I will be happy to help!

 Wilmette Buyer Showing Activity

Wilmette Buyer Showing Activity

Winnetka Buyer Showing Activity

Winnetka Buyer Showing Activity

Glenview Buyer Showing Activity

Glenview Buyer Showing Activity

Chicago-Lincoln Park Buyer Showing Activity

Chicago-Lincoln Park Buyer Showing Activity

Filed Under: Home Values

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Lisa Finks, Lourdes Arencibia & Carolyn Duris, 565 Lincoln Ave, Winnetka, IL (847) 778-0540 info@northshoreaddress.com

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© 2019 Lisa Finks, Compass Real Estate. All Rights Reserved.

LISA FINKS, LOURDES ARENCIBIA & CAROLYN DURIS ARE REAL ESTATE AGENTS AFFILIATED WITH COMPASS, A LICENSED REAL ESTATE BROKER WITH A PRINCIPAL OFFICE IN CHICAGO, IL, AND ABIDE BY ALL APPLICABLE EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.