Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

 

IIlinois home sales see slight gain in October; Statewide home prices increase 6.0 percent annually

Infographic: October 2014

 

(Nov. 20, 2014) - Illinois home sales inched higher in October and median home prices continued upward with a statewide year-over-year increase of 6.0 percent, according to the Illinois Association of  REALTORS®. Read the news release.

NEW: REAL study on the hidden cost of foreclosures in Chicago neighborhoods

Infographic: October Illinois Housing Market Snapshot
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Infographic: Illinois Housing Market Faststats 3Q14
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 En Español

Infographic: September Mortgage Interest Rates Hit New 2014 Lows
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Infographic: Illinois Housing Market Forecast
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Infographic: July Illinois Housing Market Snapshot
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Statewide
Sales +0.2%
Click here for report |
(En Español)

 

Housing Price Forecast

“The housing market appears to be pausing in its positive sales growth trends, not unusual for this time of the year,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois.  “Prices continue to improve and the forecasts suggest growth in the next three months.  Recent declines in the reduction in the foreclosure housing inventory suggest that we may have to wait until 2016 at the earliest for a return to pre-bubble levels.”

Chicago PMSA
Sales -3.3%
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(En Español)

City of Chicago
Sales -8.6%
Click here for report |
(En Español)


Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@iar.org


 

Looking for trends and data on Illinois homebuyers?

Find demographic data at www.whyibuy.org

  • 84% utilized the services of a REALTOR® for their most recent purchase.
 
  • 77% were married.
  • 17% were first-time homebuyers.
 
  • 67% stayed within their previous county.

WhyIBuy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Learn more. (Data is updated as of August 2013 and is collected throughs urveys.)