BY THE NUMBERS
SPRINGFIELD, IL—A drop in the number of homes on the market and a typical seasonal slowdown helped drive IL home sales lower in October even as median home prices continued to post solid annual gains, according to Illinois REALTORS®. Statewide home sales in Oct. 2016 totaled 12,469 homes sold, down 5.4% from 13,186 in October 2015. But the statewide median price in October was $179,000, up 6.9% from October 2015 when the median price was $167,500. “While sales were softer in October on an annual basis, much of this can be attributed to a typical seasonal slowdown and the chronically low number of homes on the market.” said REALTORS® president Doug Carpenter, managing broker of Coldwell Banker Honig-Bell in Orland Hills.
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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.
