Does not account for seller concessions. Note: Activity for one month can sometimes look extreme due to small sample siz
Monthly Local Market Update for August 2013 A Research Tool Provided by the Illinois Association of REALTORS®
Entire State of Illinois August
Year to Date
Key Metrics for All Properties
2012
2013
Percent Change
Closed Sales
13,485
15,814
+ 17.3%
Previous Month's Closed Sales
12,464
16,179
in July 2012
in July 2013
Median Sales Price*
$147,000
$167,000
Inventory of Homes for Sale
87,488
Days on Market Until Sale**
95
Thru Aug 2012 Thru Aug 2013 84,676
Percent Change
104,029
+ 22.9%
71,191
88,215
in July 2012
in July 2013
+ 13.6%
$140,000
$151,000
+ 7.9%
68,135
- 22.1%
--
--
--
72
- 24.2%
103
83
- 19.4%
+ 29.8%
+ 23.9%
* Does not account for seller concessions. Note: Activity for one month can sometimes look extreme due to small sample size. ** August 2013 Days on Market was updated September 15, 2013 while the rest of the data was updated September 7, 2013. This is due to data inaccuracies.
Activity by Property Type for August 2013 Closed Sales
Median Sales Price $170,000
15,814
$160,000
$167,000
11,358
4,436
†
+ 15.9%
+ 21.3%
+ 17.3%
+ 13.3%
+ 18.5%
+ 13.6%
Single-Family
Condo
All Properties†
Single-Family
Condo
All Properties
For Closed Sales, All Properties is not necessarily a sum of Single-Family and Condo.
Illinois — Chicago PMSA — City of Chicago —
Historical Median Sales Price $350,000
$300,000
$250,000
$200,000
$150,000
$100,000 1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
7-2013
Current as of September 7, 2013. All data from the multiple listing services located in the state of Illinois. Powered by 10K Research and Marketing. Percent changes are calculated using rounded figures.
