When it comes to home sales activity, “consistency” seems to accurately describe the state of Illinois. During August, a combined 15,088 single-family homes and condos sold statewide, up 0.9 percent from August of last year, when 14,957 homes traded.
- The Chicago market hasn't experienced the type of price and sales activity increases other primary markets have witnessed.
- The median price of foreclosed properties is the reason for the increase in overall median price.
- The state has lower inventory than a year ago.