IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois median home prices up 8.3 percent from a year ago; Statewide home sales down 9.4 percent in May

Infographic: Illinois Housing Market April 2014

 

(June 23, 2014) -- May Illinois home prices rose 8.3 percent and home sales decreased 9.4 percent compared to May 2013, while the trend continues of recent month-over-month sales gains, according to the Illinois Association of REALTORS®. Read the news release.

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

New! Infographic: Illinois Housing Market April 2014
Download PDFJPG

New! Infographic: Illinois Housing Market Faststats 1Q14
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Infographic: Median Home Prices Continue Gains in February - DOWNLOAD PDF | JPG

Infographic: Median Price Continues to Rise DOWNLOAD PDF | JPG

UPDATED! Infographic: A look at the 30-year fixed-rate mortgage over time DOWNLOAD PDF | JPG

Infographic on the 2013 Illinois Housing Market: A Year of Recovery - DOWNLOAD PDF | JPG

Infographic: The highs and lows of the Illinois housing market - DOWNLOAD PDF | JPG

Infographic: The Cost of Putting Off a Home Purchase - DOWNLOAD PDF | JPG

 

Statewide
Sales -9.4%
Click here for report

 

Housing Price Forecast

“The housing market continues to provide evidence of a return to more normal conditions,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois.  “Sales continue to increase on a month-to-month basis although they have been unable to match the stellar gains of last year.  The impact of foreclosures continues to decrease with the expectation that the numbers of foreclosed properties on the market will return to pre-recession levels sometime in the next 6-12 months.  Homeownership rates for retiring Baby Boomers continue to increase providing some potential medium-term housing market growth opportunities.”

Chicago PMSA
Sales -12.2%
Click here for report

City of Chicago
Sales -15.7%
Click here for report


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

  • 84% utilized the services of a REALTOR® for their most recent purchase.
 
  • 77% were married.
  • 17% were first-time homebuyers.
 
  • 67% 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. (Data is updated as of August 2013 and is collected throughs urveys.) 

 

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