Illinois housing market conditions swaying toward sellers, Realtors say

  • Home sales dipped 6.8 percent in the state of Illinois and 7.3 percent in the city of Chicago.
  • Home sales increased in 33 Illinois counties in July 2016 compared with the previous year, with notable gains in Grundy, McHenry and Madison counties.
  • Falling inventory and days on market pushed the statewide median home price 4.7 percent to $199,000.

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This year continues to prove itself as a promising year in Illinois real estate. According to an Illinois Realtors report, inventory and days on market are trending downward while home prices are increasing throughout the state and in 33 counties.