August 2023 Newsletter

About 11,000 Houses Will Sell Today

Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe, buyers are still active and plenty of homes are selling right now.

According to the National Association of Realtors (NAR), based on the pace of sales right now, just over 4 million homes will sell this year. With some simple math, let’s break down what that really means for you:

  • 4.16 million homes divided by 365 days in a year = 11,397 houses sell each day

  • 11,397 divided by 24 hours in a day = 475 houses sell per hour

  • 475 divided by 60 minutes in an hour = about 8 houses sell each minute

So, on average, about 11,000 homes sell each day in this country.

A real estate expert can give you more information about how many houses are being sold in your neighborhood, the amazing advantages that sellers are experiencing right now, and the most important things buyers are searching for in your area. Together you’ll use this knowledge to shape how you market your house based on local trends. 

Bottom Line

If you’ve been waiting to sell because you don’t think there are buyers out there, know today’s market is active. Every day you wait, around 11,000 other homeowners are selling. In the time it took you to read this, eight homes sold. When you’re ready to sell too, let’s connect.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Local Data. National Insights.

…at Keller Williams Success Realty last month.

In our area this month…

Our market sits established in a strong sellers’ market, especially in Schaumburg and McHenry.

Across the NW Suburbs of Chicago, inventory remains low and competition remains high. But new listings continue to come on the market.

If you are considering selling your home, now might be your chance to snag all the benefits this market has to offer. Connect with me to learn more about your unique situation.

Pasta With Burst Cherry Tomato Sauce

Ingredients

  • 1 lb. pasta

  • Kosher salt

  • ½ cup olive oil

  • 2 large garlic cloves, finely chopped

  • 3 pints cherry tomatoes

  • ½ tsp. freshly ground black pepper

  • Pinch of sugar

  • 1 cup coarsely chopped fresh basil

  • Freshly grated Parmesan (for serving)

Directions

  1. Cook pasta in a large pot of boiling salted water, stirring occasionally, until al dente; drain pasta and transfer to a large bowl.

  2. Meanwhile, heat oil in a 12" skillet or wide heavy saucepan over medium-high. Add garlic, then tomatoes, pepper, sugar, and 1 tsp. salt. Cook, stirring occasionally, until tomatoes burst and release their juices to form a sauce, 6–8 minutes.

  3. Toss pasta with tomato sauce and basil. Top with Parmesan.