WBGZ Radio 2/5/2021 |
By Kevin Bessler - Illinois Radio Network
Despite the COVID-19 pandemic, the Illinois real estate market remains red hot.
A surge in home sales which began shortly after real estate transactions resumed last spring after the state’s initial stay-at-home order, has shown little sign of slowing down as the industry goes through what is usually a slow time of year.
Interest rates are low, sales are up, the price of homes has been steadily increasing over the past year, and housing inventories around the state are low.
“Totally seller s market, and we foresee that happening with the pent up demand right into the spring market,” said Sue Miller, president of Illinois Realtors.
(The Center Square) Despite the COVID-19 pandemic, the Illinois real estate market remains red hot.
A surge in home sales that began shortly after real estate transactions resumed last spring after the state’s initial stay-at-home order, has shown little sign of slowing down as the industry goes through what is usually a slow time of year.
Interest rates are low, sales are up, the price of homes has been steadily increasing over the past year, and housing inventories around the state are low.
“Totally seller s market, and we foresee that happening with the pent up demand right into the spring market,” said Sue Miller, president of Illinois Realtors.
Home sales remain strong in Illinois
Kevin Bessler The Center Square
Feb. 3, 2021
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SPRINGFIELD Despite the COVID-19 pandemic, the Illinois real estate market remains red hot.
A surge in home sales that began shortly after real estate transactions resumed last spring after the state’s initial stay-at-home order, has shown little sign of slowing down as the industry goes through what is usually a slow time of year.
Interest rates are low, sales are up, the price of homes has been steadily increasing over the past year, and housing inventories around the state are low.
“Totally seller’s market, and we foresee that happening with the pent up demand right into the spring market,” said Sue Miller, president of Illinois Realtors.