Morning Minute: Illinois’ strong October home sales make headlines

Illinois home sales totaled 11,775 in October, a 37.3 percent increase over last year and the strongest October the state has seen since 2006, the Illinois Association of REALTORS® reported this week.

The rise in sales made news. In the article, “Low interest rates and inventory fuel home sales,” the Chicago Tribune reports that “prices may finally be stabilizing and, in some areas, moving off the bottom.”

“Buyer confidence is up,” REALTOR® Robert John Anderson, of Baird & Warner, told the Chicago Tribune. “I was running around Saturday and Sunday and bumping into the same brokers and they all looked tired and busy. It’s exciting.”

More headlines on October home sales:

Chicago-area home sales jump 44.1% in October over 2011Chicago Sun-Times

Home sales leap 44 percent in OctoberCrains Chicago Business

State Housing Sales Up for OctoberWJOL

Home Sales in Illinois Hit 6-Year High in October - WTVO

 

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

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.

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