Snapshot: Illinois Home Sales

Illinois home prices post gains; sales continue double-digit increases in March

(April 22, 2013) -- Illinois home sales increased 13.6 percent over previous-year levels in March and median prices increased 3.6 percent. Read the news release.

Statewide
Sales +13.6%
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Housing Price Forecast

“The inventory in both the state and Chicago markets suggest that demand has begun to return to the housing market,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “However, foreclosed properties are accounting for a sizeable portion of these sales. The good news is that foreclosed sales are outpacing new additions to the foreclosure inventory but at a cost of dampening median price increases.”

Housing Price Forecasts:
April 2013 | Q2 2013

Chicago PMSA
Sales +18.1%
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City of Chicago
Sales +13.8%
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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.

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