This just in: Q4 home sales surge nearly 15 percent in state

The Illinois Association of REALTORS® just released its fourth quarter 2011 housing report. It shows sales were up in much of the state including the Chicago PMSA.

  • Illinois home sales (single family and condominiums) totaled 25,394, up 14.8 percent from 22,114 home sales in the fourth quarter of 2010. The 4Q11 statewide median home sales price was $128,000, down 10.8 percent from $143,500 in 4Q10.
  • In the Chicagoland Primary Metropolitan Statistical Area (PMSA) total home sales (single-family and condominiums) were up 20.4 percent in 4Q11 to 17,321 homes sold compared to 14,392 home sales in 4Q10. The region’s 4Q11 median price was $148,300, down 14.0 percent from $172,500 in 4Q10.
  • In the city of Chicago, total home sales (single-family and condominiums) in 4Q11 were up 11.1 percent to 4,225 sales compared to 3,804 sales in 4Q10. The city of Chicago median price was $159,999, down 8.6 percent from $175,000 in 4Q10.

Read the full text of the release here.

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About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association’s communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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