Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois home prices increase in July; Sales lower amid tight inventory

Housing at a Glance July 2016

 

(Aug. 24, 2016) - Homes sold faster and prices were stronger in July, but lower inventory continues to act as a drag on the market, according to Illinois REALTORS®. Read the news release.

NEW: REAL study on the hidden cost of foreclosures in Chicago neighborhoods

Infographic: July Housing Market Snapshot
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Infographic: Solid Market Performance in First Half of 2016
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Infographic: Home Sales and Prices Heat Up in June
Download PDF | JPG

Infographic: Road to Recovery: Housing Shows Strength in 2014
Download PDF | JPG | En Español

 

Statewide
Sales -6.8%
Click here for report | 
(En Español)

 

Housing Price Forecast

“In July, median prices continued to experience positive growth while sales recorded their first negative annual change in 2016,” said Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. “However, median prices are forecast to have positive annual growth over the next three months.  In addition, the percentage of foreclosed sales among total sales was 9.7 percent, the lowest July reading since 2009.”

 

Chicago PMSA
Sales -7.3%
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(En Español)

City of Chicago
Sales -11.9%
Click here for report | 
(En Español)


Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@illinoisrealtors.org