If you are in a postition to purchase a new home, now is the time to start shopping. Qualified buyers with good credit and money for a down payment can make the most of this buyers market and cash in on some really great deals!

The prices in the Chicago suburban housing market, including Plainfield and Naperville IL, have continued to hold over the last several months. They’ve not only continued to hold, but we are actually seeing pockets of depreciation in some areas due to the fact that there is simply too much supply for the actual demand of qualified buyers.

It will take some time to the market to even out, but there should be no fear in the market that we are coming up on.

Some homes have been sitting on the market for several months now, not because someone doesn’t want them, but perhaps because they haven’t adapted to the new market conditions.

This video helps explain a little bit of what is going on: