IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois home prices climb 4.3 percent in March; sales increase 1.9 percent

Housing at a Glance March 2016


(April 20, 2016) - The spring market is in swing with steady gains in March median prices and modest growth in statewide home sales even as the housing supply is low for the season, according to the Illinois REALTORS®. Read the news release.

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

Infographic: March Housing Market Snapshot
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Infographic: 2015 Illinois Housing Market
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Infographic: Home Sales and Prices Heat Up in June
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Infographic: Road to Recovery: Housing Shows Strength in 2014
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Sales +1.9%
Click here for report | 
(En Español)


Housing Price Forecast

“March recorded the usual monthly surge in sales in both Chicago and Illinois,” said Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. “However, median prices did not change very much with the major source of growth in prices coming from increases in the prices of foreclosed properties. Consumer sentiment nationally seems to reflect some uncertainties about the direction of the economy, no doubt exacerbated by vagaries of the election cycle.”

Chicago PMSA
Sales +0.8%
Click here for report | 
(En Español)

City of Chicago
Sales -3.4%
Click here for report | 
(En Español)

Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@illinoisrealtors.org



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