Illinois REALTORS® issues monthly housing market statistics reflecting median price and number of homes sold by Illinois, Chicagoland PMSA and county data.
Existing home sales
The summer housing market is in full swing with homes selling quickly and at higher prices in May even as tight inventory drove sales slightly lower for the month, according to Illinois REALTORS®. Statewide home sales (including single-family homes and [...]
Spring homebuyer demand pushed Illinois home sales into positive territory in April while median prices continued to outpace the year before, according to Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in April 2018 totaled 14,478 homes sold, [...]
Monthly Housing Market Reports
Dr. Geoffrey J.D. Hewings,
Director of the
at the University of Illinois
Illinois housing market forecasts
Illinois REALTORS® partners with the Regional Economics Applications Laboratory (REAL) at the University of Illinois to provide a housing forecasting model based on Multiple Listing Service sales reported by participating local boards and associations. The REAL forecast links economic indicators with real estate trends and indicators for the state of Illinois as a whole and the Chicago PMSA and offers monthly, quarterly and annual outlooks.