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Illinois real estate summer forecast shows steady growth

06/28/2016

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Although inventory has tightened year-over-year, the Illinois real estate market continues to topple last year’s numbers, according to a report from the Illinois Realtors. With lower availability than last year, the demand for homes continues to grow, providing sellers the advantage as summer begins. The report listed a total of 16,150 homes sold in the month of May, up 6 percent year-over-year. Available inventory took a steep dip of 15.3 percent since May 2015 to 62,445. “Inventories continue to be tight across the state as buyers scour the market for deals,” Illinois Realtors President Mike Drews said in a press release. “The pronounced demand we have seen for more than a year appears to be setting this selling season up to be one where homes go quickly and for more mo…

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