Illinois home sales down considerably compared to same time last year – Center Square

In Illinois, the statewide median price of $285,000 was 5.6% higher than it was last year at this time. The median price of a home in the Chicago Metro Area in July 2023 was $340,000, up 5.3% from $323,000 in July 2022.
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debtsor
2 years ago

We’ve seen this pattern before…in 2006-2008….Sales volume declines while prices continue to rise slightly. Soon prices will plateau and prices will fall slightly. The falling prices brings out the sellers who want to get out while the getting is good…and prices will collapse.

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