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Vernetta Griffin | Real Estate Consultant | ABR
Britton Realty Group
(mailing address)
9449 S Kedzie Ave, Suite 303
Evergreen Park, IL 60805
Ph.: (312) 933-9024
Fax: (312) 602-3864
Email: vernettagriffin@sbcglobal.net

Illinois License: 475.136786

For Buyers: Affording Your Home
My goal as an Accredited Buyer’s Representative (ABR®), is to help you find and purchase the home of your dreams, and your goal as a buyer is to make sure you can afford it. Preparing for a home purchase is just as important as the signing the closing papers. Prepare yourself the best you can and please let me know if you have any questions. I look forward to working with you.

Why Use a ABR?

 

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Welcome

Welcome to the premier resource for all real estate information and services in the Metro Chicago and South suburban Cook and Will county areas. I hope you enjoy your visit and explore everything my realty website has to offer, including  information for homebuyers and sellers from your favorite Chicagoland Real Estate Professional.

Buyers 

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

Sellers

If you're planning to sell your home in the next few months, nothing is more important than knowing what is happening in your neigborhood. I would love to help you with a FREE Market Snapshot


Local Area Market Outlook - Monthly Indicator (February 2017)


The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand definitely remained strong this month.

New Listings in North, South and West Suburban Chicagoland decreased 3.3 percent to 6,661. Listings Under Contract were up 9.0 percent to 4,468. Inventory levels fell 21.9 percent to 13,160 units.

Prices continued to gain traction. The Median Sales Price increased 7.3 percent to $186,250. Market Times were down 8.3 percent to 108 days. Sellers were encouraged as Months Supply of Inventory was down 24.8 percent to 3.1 months.

Unemployment has reached pre-recession levels, and Americans remain optimistic about finding quality employment. This matters because job growth and higher paychecks fuel home purchases. Unfortunately, that won't matter for potential buyers if price appreciation outpaces income growth and if mortgage rates continue their upward trend. Sellers are getting a generous number of offers in this market. The worry for sellers then becomes that there will not be a generous number of homes to choose from when they become buyers.

SOURCE: MREDLLC FASTSTATS

 

Celebrity Real Estate
House of the Week


Top 5 Busiest South Suburban Markets February 2017
Single Family Homes

Area Closed Sales
Oak Lawn 43
South Holland 36
Orland Park 32
Calumet City 25
Lansing 23

 

 

Click to see the South Suburb's Top Closings in February 2017

 

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ABR - Accredited Buyer RepresentativeEqual Housing OpportunityMLS membershipREALTOR® certification