Illinois home prices climb in October; Sales lower amid tighter inventory

SPRINGFIELD, Ill. – November 24, 2015 – (RealEstateRama) — The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS®.

According to the data, thirty-seven (37) Illinois counties reported sales gains for October 2015 over previous-year numbers, including Rock Island County, up 18.3 percent with 142 units sold; Madison County, up 10.6 percent with 302 units sold; Sangamon County, up 7.1 percent with 257 units sold; Will County, up 3.1 percent with 925 units sold; and DuPage County, up 1.5 percent with 1,134 units sold.

The Illinois Association of REALTORS® is a voluntary trade association whose 43,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation to safeguard and advance the interest of real property ownership.

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