Morning Minute: March home sales kick start spring selling season

The Illinois housing market got some good news this week with the release of March home sales statistics that showed statewide sales posting the best March in four years and median prices snapping a 20-month streak of price declines, according to data released by IAR.

IAR President Loretta Alonzo told WBBM Newsradio that she hasn’t seen the real estate business this busy since five years ago when the market began its downturn. Alonzo had some advice to potential buyers who, up until now, have been waiting on the sidelines:

“Start looking now, because you’re gonna find a decrease in inventory. The good homes are going quickly, and the interest rates are still below 4 percent. So, it’s a very good buyer’s market out there,” she said.

More media coverage of March Illinois home sales:

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

One thought on “Morning Minute: March home sales kick start spring selling season

  1. Pingback: Home Sales Doing Well in Illinois | Snelling-Chevalier Real Estate

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