CHICAGO—January is always one of the slowest months for home buying, and the harsh weather during the past few weeks did stop many potential buyers from making the rounds. But prices in the state increased by a healthy amount, and that most likely means IL will have a very active spring season.
“The housing market has been operating at a very high level for several years now, and I don't see anything that will change that,” Stephen Baird, president and chief executive officer at Baird & Warner, tells GlobeSt.com.
In January, buyers purchased 8,156 homes statewide, down 6.1% from the 8,683 sold in January 2017, according to data just published by Illinois REALTORS. But the median price hit $185,000, up 8.2% from $171,000 in January 2017.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
