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
Lower housing inventory and strong buyer demand drove median home prices higher even as statewide home sales decreased in February, according to Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in February 2018 totaled 8,151 homes sold, down [...]
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 [...]
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.