A slightly lower inventory of houses on the market has helped sellers see prices rise in many North Shore and Barrington-area communities. Homes are selling faster now than in the last few years and buyers are finding they need to move fast to get the home they want.
Homes sold faster and prices were stronger in July, but lower inventory continues to act as a drag on the market, according to Illinois REALTORS®.
The year’s housing market momentum continues with Illinois home sales and prices posting robust gains in May, according to the Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in May 2016 totaled 16,150 homes sold, up 6.0 percent from 15,237 in May 2015
The spring market is in swing with steady gains in March median prices and modest growth in statewide home sales even as the housing supply is low for the season, according to the Illinois REALTORS
Positive housing market momentum carried into February with home sales and median prices experiencing solid year-over-year gains, even amid lower inventory levels, according to the Illinois Association of REALTORS
The Illinois Association of REALTORS® will send a delegation of members to an international real estate conference in March as part of an ongoing effort to promote cross-border investment in the state.
“Low interest rates and improved employment made for a good year for the local residential real estate market,” said Keith Hancock, president of the North Shore-Barrington Association of Realtors® (NSBAR). “Median home prices were up more than 2 percent for the year compared to 2014, and the number of closed sales year-over-year increased nearly 4 percent.”
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
New listings in the North Shore – Barrington housing market increased 1.4 percent to 1,158 in August, up from 1,142 in August 2014, according to the North Shore – Barrington Association of Realtors (NSBAR).
Illinois closed out the summer housing market with moderate gains in both home sales and median prices in August, even as available inventory remained lower than a year ago, according to the Illinois Association of REALTORS
August 2015—The North Shore and Barrington housing markets remains stable with the number of new listings, closed sales and median sale prices all up compared to July 2014, according to North Shore – Barrington Association of Realtors (NSBAR)
The strong summer housing market continued in July as home sales and median prices posted robust gains while the time it took to sell a home declined, according to the Illinois Association of REALTORS. Statewide home sales (including single-family homes and condominiums) in July 2015 totaled 16,901 homes sold, up 8.0 percent from July 2014 when 15,644 homes sold
The North Shore and Barrington housing market remains strong as we reflect upon the first half of the year. According to data from the North Shore – Barrington Association of Realtors (NSBAR), the number of closed sales and the median sales price for homes has increased in June compared to this time last year
Illinois home sales in June surged 12.5 percent higher than last year while median prices also saw strong gains, according to the Illinois Association of REALTORS. Statewide home sales (including single-family homes and condominiums) in June 2015 totaled 17,972 homes sold, up 12.5 percent from June 2014 when 15,982 homes sold
The month of May brought strong home sales gains and higher median prices to the Illinois housing market, according to the Illinois Association of REALTORS®. Statewide home sales (including single-family homes and condominiums) in May 2015 totaled 14,980 homes sold, up 5.6 percent from May 2014 when 14,187 homes sold.