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
Illinois median home prices showed strong gains in January compared to previous-year levels while statewide home sales decreased during the same period, according to Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in January 2018 totaled 8,156 homes [...]
Illinois ended the year in positive territory for both sales and median prices, but the data showed the housing market continued to be affected by a lack of available inventory, according to data released by Illinois REALTORS®. December showed a [...]
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.