CHICAGO—The strong summer housing market continued in July as home sales and median prices posted robust gains, according to the Illinois Association of REALTORS®.
Statewide home sales 2015 totaled 16,901 homes sold, up 8% from July 2014 when 15,644 homes sold. And the statewide median price in July 2015 rose to $190,000, a 6.1% gain over the previous July's median of $179,000.
“The strong year-over-year gains we saw in July suggest there is plenty of steam left in this market,” says Jim Kinney, president of the Illinois Association of REALTORS® and vice president for luxury sales for Baird & Warner in Chicago. “Buyers are finding they have to work quickly once they find the home they want since inventories are very low.”
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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.
