2019 is underway and we look forward to an increase in Kane county home inventory and sales, which typically starts out low in January and February and peaks around June. According to Redfin, a national real estate brokerage, January 2019 home sales were only 320 units which is the lowest since February 2012. In 2018, home sales increased steadily from 387 units in February to 1017 units in June. The peak months were May (839 units), June and July (978 units).
Also according to Redfin, home inventory for January, 2019 was very low at 1986 units, which is the third lowest monthly inventory going back to February of 2012. The good news is that there were 529 new listings in January 2019, which is a dramatic increase from the 250 new listings the previous month.