Snapshot: Illinois Home Sales

April home sales up 25.3 percent from a year ago; Statewide median price at $145,900

(May 22, 2013) -- Illinois home sales increased 25.3 percent over previous-year levels in April and median prices increased 7.7 percent. Read the news release.

Statewide
Sales +25.3%
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Housing Price Forecast

“The housing market is exhibiting signs of a more stable recovery with an anticipated strong early summer led by strong sales gains and more modest but still positive gains in median prices,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “Average time on the market, the growth in the pending sales index and an increase in the share of total sales captured by more expensive properties point to a return to greater stability in the market.”

Housing Price Forecasts:
May 2013 | Q2 2013

Chicago PMSA
Sales +31.2%
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City of Chicago
Sales +28.4%
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Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@iar.org

Looking for trends and data on Illinois homebuyers?

Find demographic data at www.whyibuy.org

88% utilized the services of a REALTOR® for their most recent purchase.

74% were married.
21% were first-time homebuyers.

68% stayed within their previous county.

WhyIBuy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Learn more.

Breakout Text:

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