Morning Minute: Illinois home prices see gains in February

The spring real estate season is around the corner and Illinois homeowners may decide now is the time to list their homes for sale. The lower inventory of homes for sale and increasing buyer demand are driving home prices higher. Many homeowners are regaining equity in their homes and improving economic conditions could make more consumers feel confident about buying or selling. Illinois home prices surged 13.1 percent in February while home sales declined 1.7 percent amid tight inventories. Learn more and read recent media coverage of the Illinois housing market including:

Illinois Housing Prices Go Up – WICS 

Chicago home sales up for first time in 8 months – Chicago Tribune

Home Prices in Illinois on the Rise – WMBD

DeKalb County home prices up as inventory falls – Daily Chronicle

Illinois Home Prices Surge 13.1% – GlobalSt.com

Local home sales dip in February – Crain’s Chicago Business

 

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