Lake County, IL Housing Market Update: May 2026

Key Takeaways Lake County was a seller’s market in May. Over half of homes sold above asking price, and the typical listing went under contract faster than a year ago. Prices rose 4.6% year over year to $428,714—more than double the national growth rate. Days on market dropped to 45 while the nation

When Is the Best Time to Buy a House?

Key Takeaways Late summer is the best time to buy a home, when listings are on the rise, inventory is fresher, and sellers are more willing to offer concessions. The best time to buy varies by city and priority: whether you’re looking for fresh inventory, more selection, or the best deals. Ultimatel

Pros and Cons of New Construction Homes: What Buyers Should Know Before Building or Buying

Whether you’re buying a house in Austin, TX, building a custom home in Bozeman, MT, or considering a newly built townhome in Charlotte, NC, deciding between a new construction home and an existing property isn’t always straightforward. While new homes often feature modern layouts, energy-efficient s

When to Lower the Price of Your House in Today’s Market

Key takeaways A lack of showings, declining online engagement, and no serious offers can signal that your home is overpriced. About 20.2% of active listings nationwide have reduced their asking price. Most effective price cuts are meaningful enough to attract new buyers, often around 2% to 5%. In so