Illinois Housing Statistics

May Illinois Home Sales Second Highest on Record for May; Statewide Median Price at $206,000...Illinois Home Sales Solid in the First Quarter; Statewide Median Price at $197,381

Statewide total home sales came in ahead of last year’s record pace in the first quarter and the median home price increased 5.6 percent to $197,381. Total home sales, which include single-family homes and condominiums, were up 2.1 percent in Illinois during January through March. A total of 34,030 single-family homes and condominiums were sold across the state in the first quarter, compared to 33,318 sales in the same period in 2005.

“The unusually mild winter months helped boost home sales in the first part of the year while REALTORS expect a more moderate pace later in the year as mortgage rates slowly rise,” said Stan Sieron, CRS, GRI, president of the Illinois Association of REALTORS. “Following four consecutive record-breaking years for housing in Illinois, the fundamentals for a solid 2006 are in place. Inventory levels are up, mortgage rates are still historically low; and first-quarter indicators show continued economic growth in our region.”
First Quarter 2006 release
First Quarter 2006 charts (pdf file)





Quarterly and Year-End Charts and Releases 1Q06 Chart 1Q06 Release 2005 Chart
Monthly Releases
May 06 April 06 March 06 February 06 January 06
● Monthly Stats At A Glance
Resources
Local Association Contacts / Counties Served (pdf)
Stats Release Schedule
Interest Rates
Illinois Homebuyer / Homeseller Profile
NAR market-by-market anti-bubble reports on REALTOR.org
NOTE: Starting with January 2005, single-family and condo sales and median price figures are reported by county. Prior to 2005, single-family home and condo sales and media price figures were reported by local association.


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