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Michael Gobber Installed as President-elect of Illinois REALTORS®

REALTOR® Michael Gobber, of Elmhurst, has been installed as the 2022 President-elect of Illinois REALTORS®.

Illinois Realtors: Homes sold fast and prices rose in August

Chicago area sees faster sales and higher prices in May

Illinois home prices up by 15%, on-the-market supply is down

Illinois home prices up by 15%, on-the-market supply is down Illinois Realtors SPRINGFIELD The spring selling season was in full swing in March, with buyers driving home sales and median prices higher even as available inventory fell lower, according to data released by Illinois REALTORS.  Statewide home sales (including single-family homes and condominiums) in March 2021 totaled 14,900 homes sold, up 20.2 percent from 12,392 in March 2020. The statewide median price in March was $249,000, up 15.3 percent from $216,000 in March 2020. The median is a typical market price where half the homes sold for more and half sold for less.  “When March roared in, Illinois homebuyers rushed out and grabbed up homes at a brisk pace,” said Sue Miller, president of Illinois REALTORS® and designated managing broker of Coldwell Banker Real Estate Group in McHenry. And with buyers still racing to snare one of the limited number of available properties, now is one of the best times ever t

Illinois housing market has strong finish

Illinois housing market has strong finish Star Courier SPRINGFIELD The Illinois housing market defied seasonal expectations with statewide home sales and prices higher not just in December, but for 2020 as a whole, according to data released by Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in December 2020 totaled 14,835 homes sold, up 28.7 percent from 11,531 in December 2019. Year-end 2020 home sales totaled 172,394, up 9.6 percent from 157,268 in 2019. The statewide median price in December was $229,000, up 14.6 percent from $199,900 in December 2019. The median is a typical market price where half the homes sold for more and half sold for less. The year-end 2020 median price reached $225,000, up 7.7 percent from $209,000 in 2019.