(June 22, 2015) - The month of May brought strong home sales gains and higher median prices to the Illinois housing market, according to the Illinois Association of REALTORS®. Read the news release.
Infographic: May Housing Market Snapshot
Housing Price Forecast
“Notwithstanding sluggish employment growth in Illinois, housing sales and prices continue their positive trends,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory at the University of Illinois. “Of interest, is the upward trend in prices of foreclosed properties that have been sold, although the rate of decline in the foreclosure inventory suggests a long wait before it returns to pre-recession levels.”
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