Bigger brokerages share their take on state’s real estate economy in survey

A survey of brokers with the state’s larger real estate firms found 85 percent thought the single-family housing market would be very good or good in the next six months.

Illinois REALTORS® launched the short survey, Illinois Top 200 Monthly Market Pulse, earlier this month to better gauge emerging trends affecting real estate practitioners in Illinois. The survey will seek market sentiment information, as well as include a changing list of questions relating to the industry.

The survey goes to the largest firms throughout the state, and Illinois REALTORS® encourages those who are getting the survey to fill it out.

Other results from the 71 people who participated included optimism about the condo market, with nearly two-thirds indicating they thought the outlook in this segment would be very good or good.

Nearly 80 percent of those taking the survey said they thought the rental market would remain robust.

Respondents were asked to comment on the biggest challenge facing them right now, and not surprisingly a lack of inventory was often mentioned.

This entry was posted in News by Jon Broadbooks. Bookmark the permalink.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *