(April 22, 2014) --Illinois home sales decreased 11.6 percent over previous-year levels in March while median prices increased 9.7 percent, according to the Illinois Association of REALTORS®. Read the news release.
Housing Price Forecast
“Although the annual sales rates have declined, the month to month changes continue to be strongly positive,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “In addition, positive housing price gains, continuing declines in the foreclosure inventory levels and the increasing share of sales of homes priced above $200,000 suggest a housing market that is responding positively to signals from the economy.”
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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. (Data is updated as of August 2013 and is collected throughs urveys.)
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