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IL Home Prices Surge in July

CHICAGO—Foreclosures continue to play a smaller role in the housing market and while the foreclosure inventory is relatively unchanged sales prices for foreclosed properties continue to increase.

By Brian J. Rogal | Updated on August 20, 2015

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.

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