New look for IAR MarketStats

(Dec.11, 2012) -- The Illinois Association of REALTORS® will begin releasing housing data with a new look on Dec. 20, part of a year-long effort to enhance the way the organization reports data to its members and the public.

IAR will provide November MarketStats housing numbers Dec. 20 in coordination with our partner, 10K Research and Marketing, a Minnesota-based firm that is a division of the Minneapolis Area Association of REALTORS®. The switch will allow IAR to release much of the previous data that members have come to rely on and also add more information to the reports which the association releases monthly, quarterly and annually.

The program works with dozens of multiple listing services statewide to compile the data. Included in the reports will be:

  • Charts to help members and the public quickly learn how the housing market is moving. We’ll offer the charts and a new, easier-to-read format for the state, Chicago area, city of Chicago and individual counties.
  • A sortable online database which will let members see each month how their county or area ranks against other areas of the state.
  • Additional data fields, including market inventory and time on market.
  •  A redesigned member portal to quickly get members to the data they want through Illinoisrealtor.org.

As part of IAR’s commitment to providing the most timely, accurate data to its members, multiple tests were completed of data drawn from the old system and the new.  10K is already used by several local REALTOR® associations, and the positive feedback from members was a factor in IAR’s decision to shift to the service.

In addition to the monthly reports, IAR will release quarterly and annual reports to members.

In the days leading up to the Dec. 20 release, you’ll get updates on what the reports will look like and how you can obtain them when they go live. Keep watching Illinois REALTOR® Weekly Connection and Illinoisrealtor.org/marketstats for more information.