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Housing Inventory Continues to Dampen Sales

Inventory is so low, competition is even heating up for foreclosed properties.

By Brian J. Rogal | Updated on October 20, 2017

chi-kane (4) In September, 13,657 homes were for sale statewide, a 4.0% decline from the same time last year.

CHICAGO—Median home prices increased across the state in September, but amid lower than normal housing inventory levels, sales dipped slightly as buyers snapped up available properties faster than ever, according to Illinois REALTORS.

Statewide sales in September totaled 13,657 homes sold, down 4.0% from 14,223 in September 2016. The median price was $192,500, up 6.9% from September 2016, when the median price was $180,000.

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