(Nov. 23, 2015) - The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS®. Read the news release.
Infographic: October Housing Market Snapshot
Housing Price Forecast
“The housing market appears to have returned to its longer-run annual pattern,” said Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. “Distressed housing sales have declined to levels last seen in 2009 as prices continue to move upwards at modest rates. The consumer sentiment indices are once again moving in opposite directions suggesting that there is uncertainty in the way consumers view future prospects.”
Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | email@example.com
Follow IAR for housing updates
About the reports