Realty Executives Midwest

Mark Sotir

Mark Sotir

Broker

Realty Executives Midwest

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Your House Didn't Sell. Here's What To Do Now

(Published on - 6/12/2025 2:57:57 PM)

Your House Didn’t Sell. Here’s What To Do Now.




When your house doesn’t sell, it doesn’t just feel frustrating – it feels personal. You put time, money, and emotional energy into this move. You told your friends and family it was happening. And now that your listing has expired without a buyer? You’re left feeling stuck, and maybe even a little embarrassed.

And here's what most agents won’t tell you. Over 70% of homeowners who re-list with a different agent sell their house.

Re-list with the same agent? That stat drops to only 50%, according to the latest data from REDX. That’s like leaving the fate of your sale to a coin toss. And that’s not good enough.

REDX data also shows that only 1 in 3 homeowners with expired listings actually make that change. That means most sellers either give up or repeat the same mistakes, so they get the same disappointing outcome. You deserve better.

Same house. Different strategy. Completely different results. 

Let's break down what might’ve gone wrong – and how a fresh perspective can help you have a winning strategy this time.

1. It Was Priced Too High

Today, homebuyers are feeling the squeeze of higher mortgage rates, so even a slightly overpriced home will get overlooked. And once your listing starts to go stale, it’s hard to regain momentum.

Missing the mark on pricing is a costly mistake – and too many homeowners are doing that very thing right now.

What we need to do now: We need to analyze the latest sales in your area to make sure you’re hitting the right number. This includes taking a hard look at real-time buyer behavior, and any feedback you got from open houses or showings your first time around. Pricing at, or even just below, current market value is a winning play because it drives more buyers to your listing – and that amps up the competition for your home.

2. It Didn’t Show Well

You only get one shot at a first impression. If the listing photos didn’t pop, the house wasn’t staged well, or it wasn't updated, most buyers will skip over it without ever scheduling a showing. And even if buyers did show up, small things like scuffed walls, outdated light fixtures, or a wobbly doorknob can turn them away.

What we need to do now: Let’s walk through your house with fresh eyes to see if there are any areas that may have been sticking points inside and out. Sometimes taking down old drapery, some light staging, or even a fresh coat of paint can completely change how a buyer feels about the home.

3. It Didn’t Get the Right Exposure

If your home didn’t sell, chances are it wasn’t getting the visibility it deserved. Generic flyers and a few online photos aren’t enough anymore. Today’s top agents are using highly targeted digital marketing, social media strategies, custom video content, and more to get your listing in front of the right buyers at the right time.

What we need to do now: We have to do more than just put your house online and hope it sells. Together, we can come up with a real plan to maximize its exposure. With the right pricing, staging, and marketing, your house will sell quickly. Here’s a real-world example (see graph below):

4. You Weren’t Willing To Negotiate

In this market, sellers who aren’t open to negotiating on things like closing costs, inspection repairs, or other concessions are often left behind. And if your last agent didn’t set that expectation with you, that's a real shame.

What we need to do now: Be willing to meet buyers where they are. The goal is to get the deal done – and sometimes that means getting creative to help buyers cross the finish line. Home values have increased by over 55% over the last five years, so you likely have enough wiggle room to offer some perks without sacrificing your bottom line.

Bottom Line

If your house didn’t sell and your listing has expired, you don’t need to give up. You just need a better plan. And a better partner.

 Over 70% of homeowners who switch agents sell their house after re-listing it. That’s not a coincidence. That’s strategy.

 If you're ready for a proven approach, let’s talk so you know what to do differently – and why doing different things actually works. It’s time to get your move back on track.


Is Inventory Getting back To Normal?

(Published on - 6/11/2025 4:25:25 PM)

Is Inventory Getting Back To Normal?




After years of it feeling almost impossible to find a home you want to buy, things are changing for the better.

Nationally, inventory is growing, and that gives you more options for your move. But here’s what you need to know. That level of growth is going to vary based on where you live. And that’s why you need an agent’s local market expertise.

Here’s a quick rundown of the current inventory situation, so you know what’s happening and what to expect.

Significant Growth Across the Nation

Nationally, the number of homes for sale is rising – and that’s true in all regions of the country. That’s shown in this data from Realtor.com. In each of the four regions, inventory is up at least 19% compared to the same time last year. In the West, it’s actually up almost 41% year-over-year (see graph below):

a graph with blue squaresThere are two main reasons for this increase:

  • More sellers are listing their homes. Many homeowners have been waiting for mortgage rates to drop before making a move. Now, some have decided they can’t wait any longer. May had more new listings than any May in the past three years.
  • Homes are taking longer to sell. That means listings are staying on the market longer, which increases the total number of homes available. In May, the typical home took 51 days to sell – much closer to what’s more typical for the market.

More homes for sale helps the market become more balanced. For the past few years, sellers have had the upper hand. Now, things are shifting. Nationally, it’s not a full-on buyer’s market yet, but it’s heading toward a healthier place, especially for homebuyers. Danielle Hale, Chief Economist at Realtor.com, explains:

“The number of homes for sale is rising in many markets, giving shoppers more choices than they’ve had in years . . . the market is starting to rebalance.

How Much Growth We’ve Seen Varies by Area

But, how long it’s going to take to achieve true balance is going to vary by area. Some parts of the country are seeing inventory bounce all the way back to normal levels, while others haven’t grown quite that much yet.

Let’s take a look at another graph. This time, we’ll compare the current data (what you already saw) to the last normal years in the housing market (2017-2019).

In this comparison, the green shows which regions are back at more typical levels for inventory based on the growth we’ve seen lately. The red shows where things have improved, but are still well below the norm (see graph below):

a graph of a graph with blue and orange squaresHere’s what that means for you. Across the board, you have more options now than you would’ve just one year ago. And that’s a really good thing. More choices means it should be a bit easier to find a home you love.

But not all markets are the same – some will take a bit longer to get back to more typical levels. So, lean on a local agent to find out what the inventory situation looks like where you want to live. They’ll be able to tell you how much growth they’ve seen locally and how to tailor your home search based on what’s available in that area. This is just one of the reasons a local agent’s perspective matters. 

Bottom Line

Inventory is getting better, but how long it takes to get back to normal is going to be different based on where you’re looking to buy. Let’s talk about what’s happening in our local market and how it affects your next move.

What’s one thing you’ve noticed lately that makes the market feel different than it did a year or two ago?


Distressed Sellers in Downers Grove

(Published on - 6/10/2025 8:08:10 PM)

1. Hey there, distressed sellers in Downers Grove! ?? Did you know that there's currently only 1.93 months of inventory on the market? That means it's a great time to sell your property! Contact me, Mark Sotir, your local REALTOR®, to learn more. #MarketTrends #RealEstate

2. Are you a distressed seller in Downers Grove? ?? The median days on market is just 9 days, with properties selling for 1.01% of the listing price. Don't miss out on this hot market! Reach out to Mark Sotir at Realty Executives Midwest for expert guidance. #SellWithMark #RealEstateData

3. Attention probate and short sale homeowners in Downers Grove! ?? The median sold price is currently $456,000, with a steady trend of 0.07% increase in inventory over the last year. Let's work together to get your property sold quickly and for top dollar. Contact Mark Sotir, your trusted REALTOR®, today! #MarketUpdate #RealEstateExpert

4. Distressed sellers, listen up! ?? With only 1.93 months of inventory in Downers Grove and properties selling for 1.01% of the listing price, now is the perfect time to make your move. Trust Mark Sotir at Realty Executives Midwest to guide you through the process and maximize your sale price. Contact me today! #SellSmart #RealEstateMarketTrends

5. Calling all distressed sellers in Downers Grove! ?? The market is hot with a median sold price of $456,000 and properties selling in just 9 days on average. Let's capitalize on these trends together. Reach out to Mark Sotir, your local REALTOR®, for personalized assistance and expert advice. #MarketInsights #RealEstateProfessionals


Distressed Sellers in Woodridge

(Published on - 6/10/2025 8:05:01 PM)

1. ?? Attention Distressed Sellers in Woodridge, Illinois! ?? Did you know that the market is hot with only 1.19 Months Supply of Inventory? Now is the perfect time to sell! Contact me, Mark Sotir, REALTOR® with Realty Executives Midwest, to learn more about how you can take advantage of this trend. #WoodridgeRealEstate #MarketTrends

2. Thinking about selling your home in Woodridge, Illinois? The market is on fire with a median days on market of just 8 days! With a median sold price of $415,000, now is the time to make your move. Contact me, Mark Sotir, REALTOR® with Realty Executives Midwest, to get started today! #SellWithMark #WoodridgeRealEstate

3. ?? Attention Distressed Sellers in Woodridge, Illinois! ?? The market is seeing a Sold to List Price percentage of 101%, meaning homes are selling for over asking price. With market trends like these, now is the perfect time to sell your home. Contact me, Mark Sotir, REALTOR® with Realty Executives Midwest, to learn how I can help you navigate the selling process. #WoodridgeRealEstate #SellHigh

4. Are you a Distressed Seller in Woodridge, Illinois? The market is thriving with a -0.08% decrease in Months Supply of Inventory over the last 12 months. With trends like these, now is the time to sell your home! Contact me, Mark Sotir, REALTOR® with Realty Executives Midwest, to get started on your selling journey today. #WoodridgeRealEstate #SellNow


Distressed Home Sellers in Bolingbrook

(Published on - 6/10/2025 7:58:18 PM)

1. ?? Attention Distressed Sellers in Bolingbrook, IL! The market is hot with only 1.57 Months Supply of Inventory. If you're considering selling, now is the time! #BolingbrookRealEstate #MarketTrends

2. ?? Selling your home in Bolingbrook? The Sold to List Price percentage is at 101%, meaning sellers are getting top dollar for their properties. Contact me today to learn more! #RealEstateData #BolingbrookHomes

3. ?? Did you know that the Median Sold Price in Bolingbrook is $362,445? Find out how much your home could sell for in today's market by contacting me for a free home evaluation! #BolingbrookRealEstate #HomeValue

4. ?? Homes in Bolingbrook are selling fast with a median of only 10 days on the market. Don't miss out on this opportunity to sell your home quickly and for top dollar! Contact me today to get started. #FastSales #BolingbrookHomes

5. ?? The Months Supply of Inventory in Bolingbrook has decreased by 0.04% over the last 12 months, indicating a strong seller's market. If you're a distressed seller, now is the time to take advantage of these market trends! #SellerMarket #BolingbrookRealEstate


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