(July 22, 2015) - Illinois home sales in June surged 12.5 percent higher than last year while median prices also saw strong gains, according to the Illinois Association of REALTORS®. Read the news release.
Infographic: May Housing Market Snapshot
Housing Price Forecast
“The burst in sales growth last month was unexpected,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory at the University of Illinois. “Prices, however, are growing more modestly yet strongly. The foreclosure inventory seems to be playing a diminishing role in terms of both sales and prices with significant declines in the shares of sales accounted for by foreclosed properties in recent months.”
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