Realty Executives Midwest

Mark Sotir

Mark Sotir

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Realty Executives Midwest

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Why are some homes are selling faster than others

(Published on - 5/7/2025 3:32:40 PM)

Why Some Homes Sell Faster Than Others




As you think ahead to your own move, you may have noticed some houses sell within days, while others linger. But why is that? As Redfin says:

“. . . today’s housing market has been topsy-turvy since the pandemic. Low inventory (though rising) and high prices have created a strange mix: Some homes are flying off the market, while others sit for weeks.”

That may leave you wondering what you should expect when you sell. Let’s break it down and give you some actionable tips on how to make sure your house is one that sells quickly.

Homes Are Still Selling Faster Than Pre-Pandemic

The first thing you should know is that, in most markets, things have slowed down a little bit. While you may remember how quickly homes sold a few years ago, that’s not what you should expect today.

Now that inventory has grown, according to Realtor.com, homes are taking a bit longer to sell in today’s market (see graph below):

a graph of a bar chartBut before you get hung up on the ten-day difference compared to the past few years, Realtor.com will help put this into perspective:

“In April, the typical home spent 50 days on the market . . . This marks the 13th straight month of homes taking longer to sell on a year-over-year basis. Still, homes are moving more quickly than they did before the pandemic . . .

By this comparison, if your house does take a little more time to sell this year, it’s not really a concern. It’s actually still faster than the norm. Plus, it gives you a bit more time to find your next home, which is welcome relief when you’re trying to move, too.

Just remember, some homes sell in less time than this. Some take even longer. So, what’s the real difference? Why do some homes attract eager buyers almost instantly, while others sit and struggle?

It comes down to having the right agent and strategy. Here are a few tips you need to know. 

1. Price It Right

One of the biggest reasons homes sit on the market is overpricing. Many sellers want to shoot for a higher price, thinking they can lower it later – but that backfires by turning buyers away.

What to do: Work with an agent to make sure your house is priced right. They’ll analyze recent comparable sales (what other homes have sold for recently in your area), so you know you're pricing appropriately for today’s market and what buyers are willing to pay. As Chen Zhao, Economic Research Lead at Redfin, explains:

“My advice to sellers is to price your home fairly for the shifting market; you may need to price lower than your initial instinct to sell quickly and avoid giving concessions."

2. Focus on the First Impression

A messy yard or a house that needs paint? It’ll turn buyers off. Since buyers decide within seconds whether they like a home, a good first impression is key.

What to do: Outside, clean up your front yard, tidy up your landscaping, power wash walkways, and add fresh mulch. Inside, declutter and depersonalize. And consider minor touch-ups like repainting in a neutral tone. Your agent will offer advice on what to tackle.

3. Strong Marketing & High-Quality Listing Photos

If your listing or your photos don’t look professional, you could have trouble drawing in buyers who think you’re trying to cut corners.

What to do: Instead, lean on your agent’s skills, expertise, and resources. They’ll help you make sure you have:

  • High-resolution listing photos showing the home in its best light.
  • Detailed descriptions that highlight differentiating features of your house.
  • Your listing on multiple platforms, including major real estate sites and social media.

4. The Location of the Home

You may have heard the phrase “location, location, location” when it comes to real estate. And there’s definitely some truth to that. Homes in highly sought-after neighborhoods tend to sell faster.

What to do: While you can’t change where your house is located, your agent can highlight the best features of your neighborhood or community in your listing. By showcasing what’s great about your area, they can help draw buyers into what life would look like in your house.

Bottom Line

Homes that sell quickly don’t necessarily have better features – they have better agents and a better strategy.

Are you thinking about selling? Let's talk about how to get your home sold quickly and for top dollar.


Woodridge Real Estate Update

(Published on - 5/2/2025 3:22:28 PM)

1. ?? Woodridge Market Update ??: As of March 2025, there is a low 1.34 Months Supply of Inventory in our area. This means it's a great time for sellers to list their homes! Contact me, Mark Sotir, at Realty Executives Midwest, to get started on selling your home today. #WoodridgeRealEstate #MarketTrends

2. Looking to buy or sell in Woodridge, Illinois? ?? With a 99.2% Sold to List Price percentage and a median days on market of just 12 days, now is the perfect time to make your move! Reach out to me, Mark Sotir, your local REALTOR® at Realty Executives Midwest, for expert guidance. #WoodridgeHomes #RealEstateData

3. The median Sold Price in Woodridge is currently $370,000, reflecting a strong market for both buyers and sellers. Whether you're looking to upgrade, downsize, or invest, I can help you navigate the process with ease. Let's chat about your real estate goals today! #WoodridgeMarketUpdate #LocalREALTOR

4. ?? Market Update: Over the last 12 months, Woodridge has seen a +103.03% increase in Months Supply of Inventory. Despite this, the market remains competitive with a 99.2% Sold to List Price percentage. Stay informed and make smart real estate decisions with the help of a knowledgeable REALTOR® like myself, Mark Sotir at Realty Executives Midwest. #WoodridgeRealEstateTrends #ExpertAdvice


What an Economic Slowdown Could Mean for the Housing Market

(Published on - 5/1/2025 3:11:01 PM)

What an Economic Slowdown Could Mean for the Housing Market




Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power.

Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s. The facts may surprise you.

A Recession Doesn’t Mean Home Prices Will Fall

Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time the market saw such a steep drop in prices. And it hasn’t happened since, mainly because inventory is still so low overall. Even in markets where the number of homes for sale has started to rise this year, inventory is still far below the oversupply of homes that led up to the housing crash.

In fact, according to data from Cotality (formerly CoreLogic), in four of the last six recessions, home prices actually went up (see graph below)

a graph of a graph showing the price of falling pricesSo, don’t assume a recession will lead to a significant drop in home values. The data simply doesn’t support that idea. Instead, home prices usually follow whatever trajectory they’re already on. And right now, nationally, home prices are still rising, just at a more normal pace.

Mortgage Rates Typically Decline During Recessions

While home prices tend to stay on their current path, mortgage rates usually drop during economic slowdowns. Again, looking at data from the last six recessions, mortgage rates fell each time (see graph below):

a graph of a graph showing the rise of mortgage ratesSo, a recession means rates could decline. And while that would help with your buying power, don’t expect the return of a 3% rate.

Bottom Line

The answer to the recession question is still unknown, but the odds have gone up. However, that doesn’t mean you have to worry about what it means for the housing market – or the value of your home. Historical data tells us what usually happens.

If you’re wondering how the current economy is impacting our local market, let’s connect.


Have you paused your moving plans

(Published on - 4/28/2025 2:59:49 PM)

Paused Your Moving Plans? Here’s Why It’s Time To Hit Play Again




It’s not really a surprise that 70% of buyers paused their home search last year. Maybe you were one of them. And if so, no judgment. Conditions just weren’t great.

Inventory was too low, prices were too high, and mortgage rates were bouncing all over. That made it really hard to find a home you loved – and could afford. And why sell if you’re not sure where you’re going to go?

But here’s the thing: the market’s shifting. And it might be time to hit play again.

The Inventory Sweet Spot

More homeowners are jumping back into their search to make a move this year. Builders are finishing more homes. And together, that’s creating more options for you when you move – maybe even the home you’ve been waiting for.

More homes = more possibilities.

But there’s more to it than that. When you sell, you don’t want to feel like it’s impossible to find your next home. At the same time, you also don’t want inventory to be so high, it takes ages for your house to sell. Right now, you’ll get the best of both worlds.

This data will help paint the picture for you. According to Realtor.com, inventory has jumped 28.5% since this time last year, but it’s still below pre-pandemic levels in most markets – and here’s why this is such a sweet spot (see graph below):

a graph of sales and pricesBasically, there are more homes to choose from when you make your move, but not so many that you’ll struggle to sell your current house. Your home should sell quickly if you work with an agent to make sure it’s priced right and prepped to impress.

More options. Less chaos. Solid demand: That’s the real sweet spot.

But here’s something else to consider. Data from Realtor.com also shows inventory has been on the rise for 17 straight months. And experts agree it’s likely to continue climbing throughout the year. As Lance Lambert, Co-Founder of ResiClub explains:

“The fact that inventory is rising year-over-year . . . strongly suggests that national active housing inventory for sale is likely to end the year higher.?”

So, this may actually be the best time to sell. Your house may stand out more now than it would as the year goes on and inventory grows even more. Wait too long, and you may be one of many trying to stand out later this year.

Bottom Line

If you’ve been waiting for the housing market to give you a sign – it just did. Whether you’re looking to move up, scale down, or relocate completely, this might be the best balance we’ve seen in a while.

What’s holding you back from taking advantage of this sweet spot? Let’s talk through it and see what’s possible.


News for Home Sellers in Brookfield

(Published on - 4/25/2025 11:11:28 PM)

1. Attention Sellers in Brookfield, Illinois! ?? Did you know that there is currently only a 0.92 Months Supply of Inventory in our area? That means now is the perfect time to list your home and take advantage of the low competition. Contact me, Mark Sotir, REALTOR® at Realty Executives Midwest, to get started today! #BrookfieldRealEstate #SellersMarket

2. Thinking of selling your home in Brookfield, Illinois? ?? With a 99% Sold to List Price percentage and a median days on market of just 18 days, now is the time to make your move! Trust in my expertise as a REALTOR® at Realty Executives Midwest to help you sell your home quickly and for top dollar. #MarketTrends #ListWithMarkSotir

3. Attention Sellers! ?? The median Sold Price in Brookfield, Illinois is currently $369,000. With a -5.15% decrease in Months Supply of Inventory over the last 12 months, the market is hot and homes are selling fast! Reach out to me, Mark Sotir, at Realty Executives Midwest, to learn how I can help you sell your home for top dollar. #MedianSoldPrice #SellFastSellHigh

4. Selling your home in Brookfield, Illinois? ?? With market trends showing a 99% Sold to List Price percentage, you can trust that you'll get top dollar for your property. Don't wait – contact me, Mark Sotir, REALTOR® at Realty Executives Midwest, to take advantage of the current market conditions and sell your home quickly! #TopDollar #BrookfieldRealEstate

5. The market is hot in Brookfield, Illinois! ?? With a median days on market of just 18 days, now is the perfect time to sell your home. Trust in my expertise as a REALTOR® at Realty Executives Midwest to guide you through the selling process and get you the best possible price for your property. Contact me, Mark Sotir, today to get started! #FastSales #MaximizeProfit


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