Illinois Realtors report home sales and prices on the rise

Illinois Realtors data for June finds an increase in demand and shrinking supply
  • Illinois home sales increased 1.4 percent annually, and the median price grew 5.8 percent statewide in June 2016.
  • Days on market dipped in June to an average 55 days in Illinois, down from 62 days a year prior.
  • In the nine-county Chicago Primary Metropolitan Statistical Area, June home sales grew 2.1 percent year-over-year, and the median price increased 4.6 percent.

The hot weather in Illinois this summer isn’t stopping homebuyers from staying active in the market. According to the Illinois Realtors, the median home price throughout the state increased 5.8 percent annually in June, and homes are selling at a faster pace.