Illinois home prices higher in May; home sales and inventory see year-over-year decline
In May 2026, statewide home sales (including single-family homes and condominiums) of 12,555 homes sold was 1.5 percent less than 12,750 sold in May 2025. NOTE: One Illinois MLS continues to work through a data feed transition, which may contribute to a minor variance in statewide year-over-year figures. The 19,719 [...]
Monthly Housing Market Reports
Illinois REALTORS® partners with the Institute for Housing Studies at DePaul University to provide a housing forecasting model based on Multiple Listing Service sales reported by participating local boards and associations. The forecast links economic indicators with real estate trends and indicators for the state of Illinois as a whole and the Chicago Metro Area and offers monthly, quarterly and annual outlooks.
