(Jan. 23, 2015) - Illinois home prices continued to recover with median prices showing year-over-year gains every month in 2014. Home sales, while modestly lower than 2013, pointed toward a stabilizing market, according to the Illinois Association of REALTORS®. Read the news release.
NEW! Infographic: December Illinois Housing Market Snapshot
Infographic: November Illinois Housing Market Snapshot Download JPG
Infographic: October Illinois Housing Market Snapshot
Housing Price Forecast
“Prices continued to record modest gains and sales recovered in December while for the next quarter, sales are forecast to be more variable on a monthly basis although the annual changes are expected to be positive,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory. “Significant employment gains, declines in the unemployment rate and gas prices have all contributed to enhancing consumer expectations that hopefully will turn into more housing sales.”
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