CHICAGO—After one of the most active Novembers in recent history, statewide home sales dipped in December, but both sales and median prices finished in positive territory in 2016, closing out a year marked by tight housing inventories and continued strong consumer demand, according to Illinois REALTORS®.
Statewide home sales in December 2016 totaled 11,629 homes sold, down 2.8% from December 2015. Year-end 2016 home sales totaled 162,380, up 3.9% from 156,239 in 2015.
The statewide median price in December was $174,900, up 6.0% from December 2015 when the median price was $165,000. The year-end 2016 median price reached $184,000, up 6.4% from $173,000 in 2015.
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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.
