Realty Executives Midwest

Mark Sotir

Mark Sotir

Broker

Realty Executives Midwest

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Westmont Real Estate

(Published on - 11/6/2025 11:30:01 PM)

?? Westmont, IL Market & Community Update – November 2025 ??

The Village of Westmont continues to shine this fall — both in the housing market and around town! ???

?? Real Estate Snapshot:

  • ?? Average Home Sale Price: $440,000 — up 6% from last year

  • ?? Average Market Time: 35 days — up 12.9%

  • ?? Monthly Supply: down 23.1%, meaning fewer homes available and strong buyer competition

?? What this means:
Home prices are holding strong, but with fewer listings on the market, buyers need to act fast when the right home hits the market.
For sellers, low inventory means your home could stand out and attract serious offers — as long as it’s priced and presented right.

?? Things to Do in Westmont this November:

  • ?? Visit the stunning Morton Arboretum for fall color and light displays

  • ?? Catch a movie at the historic Classic Cinemas Tivoli Theatre

  • ??? Stop by the Westmont Community Center Bazaar on November 10th (9 AM–3 PM) for local crafts and holiday finds

  • ?? Enjoy one of Westmont’s great local breweries and support small businesses

?? Thinking of buying or selling in Westmont?
Let’s talk strategy — whether it’s getting your home sold for top dollar or finding the perfect place before inventory gets even tighter.

?? Mark Sotir | Realty Executives Midwest 630-815-8098
Your Local Real Estate Expert in Westmont & the Western Suburbs

 

 
 
 
 
 
 
 

Why Isn't Your Home Selling

(Published on - 10/28/2025 3:00:09 PM)


Why Some Homes Sell Quickly and Others Don't Sell at All

(Published on - 10/27/2025 2:41:50 PM)

Why Some Homes Sell Quickly – and Others Don’t Sell at All




A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means one thing:

Your house needs to stand out and grab attention from day one.

That’s especially true when you consider why the number of homes for sale is up. Here’s how it works. Available inventory is a mix of: 

  • Active Listings: homes that have been sitting on the market, but haven’t sold yet
  • New Listings: homes that were just put on the market

Data from Realtor.com shows most of the inventory growth lately is actually from active listings that are staying on the market and taking longer to sell (see the graph below).

The blue bars show active listings. These are the homes that are sitting month to month and not selling. The green bars are new listings, the homes that were just put on the market. And it’s clear there are fewer new listings compared to how many are staying on the market unsold.

a graph of sales growthSince you don’t want your house to be one of the ones that take a long time to sell, let’s break down where things can go sideways and how to set yourself up to sell quickly.

Why Some Homes Sell and Others Sit

The secret to selling in today’s market is simple. Make sure your house is easy for buyers to say yes to as soon as it is listed. 

Price it based on current conditions (not what your neighbor sold for 3 years ago). Make important repairs. And highlight the best things about your house. If you do that, it will sell in any market – sometimes even faster than you’d think. Because the truth is, homes that are priced right today are still selling. 

It’s the homeowners who are clinging to outdated expectations that are seeing their house sit and their listing go stale. According to Redfin and HousingWire, here are some of the most common reasons sales stall out:

  • Priced it too high from the start
  • Skipped necessary repairs before listing
  • Didn’t stage the house well
  • Sellers won't negotiate with buyers
  • Limited availability for showings
  • Ineffective marketing or listing pictures

Most of those things didn’t matter as much just a few years ago. When inventory was at a record low, sellers could skip the prep, name their price, and still walk away with multiple offers over their asking price.

But today’s market is different now that inventory has grown. And that means your approach needs to be different too.

You don’t want to try out old strategies and aim too high just to see what sticks. Your first few weeks on the market are everything. That’s when your listing gets the most attention – and when pricing or presentation mistakes hurt the most. Get it wrong up front and your house will sit...and sit. Get it right, and it’ll be snatched up before you know it.

The Right Agent Helps Your House Stand Out

Selling quickly isn’t about luck. It’s about knowing how to play to the market you’re in. And that’s where your agent comes in.

A great agent will analyze your local market, suggest a price based on the latest comparables sold in your neighborhood, and create a marketing plan that makes buyers pay attention from day one. They’ll also walk you through any repairs you need to make or whether you need to bring in a staging company. As the National Association of Realtors (NAR) explains:

“Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”

That’s the power of getting it right (and getting expert help) from the start.

Bottom Line

There are more homes for sale today than there were even just a year ago, but that doesn’t have to work against you.

When your house is priced right, shows well, and is marketed effectively, it will sell. Let’s connect if you want to know how to make that happen in our market this fall.


The reason homes fell like they cost so much

(Published on - 10/27/2025 2:39:53 AM)

The Reason Homes Feel Like They Cost So Much (It’s Not What You Think)




Scroll through your feed and you’ll see plenty of finger-pointing about why homes cost so much. And according to a national survey, a lot of people believe big investors are to blame.

Even though data shows that’s not true, nearly half of Americans surveyed (48%) think investors are the top reason housing feels so expensive (see graph below):

But that theory doesn’t actually hold up once you look at the data.

The Truth About Investors

Investors do play a role in the housing market, especially in certain areas. But they’re not buying up all the homes like so many people on social media say.

Nationwide, Realtor.com found only 2.8% of all home purchases last year were made by big investors (who own more than 50 properties). That means roughly 97% of homes were bought and sold by regular people, not corporate giants. Danielle Hale, Chief Economist at Realtor.com, explains:

“Investors do own significant shares of the housing stock in some neighborhoods, but nationwide, the share of investor-owned housing is not a major concern.

So, if it’s not investors, why are home prices so high?

What’s Really Behind Today’s Home Prices

The real story behind rising prices has less to do with who’s buying and more to do with what’s missing: enough homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), says:

"It's been popular among some to blame investors, but with housing, the economics of that don't make a lot of sense. The fundamental driver of housing costs is the shortage itself—it's driven by the fact that there's a mismatch between the number of households and the actual size of the housing stock."

There simply haven’t been enough homes for sale to meet buyer demand. And that shortage, not investor activity, is what’s pushed prices higher just about everywhere.

Bottom Line

It’s easy to believe investors caused today’s housing challenges. But the truth is, the market just needs more homes, and that’s finally starting to happen.

As more options hit the market, buying may feel a little more realistic again.

Let’s connect and talk about what’s happening in our local market.


Fall 2025 Real Estate Market Update: Downers Grove & Surrounding Subur

(Published on - 10/25/2025 11:44:29 AM)

?? Fall 2025 Real Estate Market Update: Downers Grove & Surrounding Suburbs

The Fall 2025 real estate market across Downers Grove, Westmont, Lisle, Bolingbrook, Darien, Burr Ridge, Lemont, and Woodridge is showing balance and opportunity. While home prices are holding steady, homes are spending more time on the market — creating a great season for both buyers and sellers.

?? Home Prices Stay Strong in the Western Suburbs

Prices continue to reflect solid buyer demand:

  • Downers Grove: Average price around $535,000, up 4.5% year-over-year.

  • Westmont & Lisle: Mid-$400K range with steady growth.

  • Bolingbrook & Woodridge: Affordable options attracting steady buyer traffic.

  • Darien, Burr Ridge & Lemont: Higher-end homes remain stable thanks to limited listings.

Across these communities, prices remain 3–5% higher than last fall, supported by strong local demand and low supply.

?? Market Pace: More Time, More Strategy

The average days on market is now around 50–60 days, up from last year. Buyers are taking more time, while sellers who price right are still seeing solid results.

?? Interest Rates & Buyer Trends

Interest rates remain steady but elevated, making buyers more selective. Still, motivated buyers are acting fast when they find the right property. Price reductions and negotiation flexibility are helping close more deals this fall.

?? For Sellers: Why Now Is Still a Great Time

Even with longer sale times, low inventory keeps the market strong for sellers. Listing before the spring rush lets your home stand out and capture the attention of serious fall buyers.

?? For Buyers: Negotiation Power

This season gives buyers more leverage than in previous years. With fewer bidding wars and more options, it’s an ideal time to make an offer and negotiate terms that work for you.

?? The Bottom Line

The Downers Grove area real estate market remains healthy and full of opportunity. Sellers can still enjoy high equity returns, and buyers have more space to negotiate fair deals.

?? Get Your Free Home Valuation and Fall Home Seller’s Guide
Thinking of selling or just curious about your home’s worth?
Contact Mark Sotir – Realtor® at 630-815-8098 for your free home valuation and seller’s guide to make the most of Fall 2025’s market


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