(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.
Infographic: October Illinois Housing Market Snapshot
Housing Price Forecast
“Sales growth in 2014 did not match the amazing numbers in 2013, but the growth in both sales and prices continued to be positive in both Chicago and Illinois,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “Robust job growth has resulted in more upbeat consumer sentiments about the economy. The forecasts suggest both positive growth for sales and prices in 2015 but with a moderation in the growth of prices and a slight acceleration of sales rates compared to 2014.”
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