Illinois home sales see strongest May since before recession – IAR releases May 2013 home sales data

May 2013 Illinois home sales statistics

The Illinois real estate market continues to move in the right direction with May statewide home sales marking 23 consecutive months of year-over-year increases. Sales totaled 15,091 in May 2013, a 24.4 percent increase compared to last year. It was also the strongest May since before the recession in 2006 when 17,622 homes sold statewide, according to the Illinois Association of REALTORS®. Double-digit sales increases were also seen last month in the Chicago PMSA with a 29.3 percent jump and in the city of Chicago with a 30 percent increase.

“Buyers are still quite bullish when it comes to the housing market and the increase in median home prices reflects that strong demand” said Michael D. Oldenettel, CRS, GRI, president of the Illinois Association of REALTORS® and Managing Broker/Owner with RE/MAX Results Plus in Jacksonville, Ill. “The fact that sales are approaching pre-recession levels is a positive sign that the market has rebounded.”

This entry was posted in Housing Market by Kara Kienzler. Bookmark the permalink.

About Kara Kienzler

Kara Kienzler is Webmaster/Communications Coordinator for the Illinois Association of REALTORS® (IAR). She serves as Webmaster for the IAR websites including www.illinoisrealtor.org and www.yourillinoishome.com. She is responsible for the design, layout, printing and online strategy of IAR publications including the Illinois REALTOR® magazine, e-newsletters and other publications, and assists with new releases, issues research, surveys and speechwriting. She also plans and develops content for the IAR blog at www.iarbuzz.com and coordinates the Illinois REALTOR® magazine Twitter account content at ILREALTORmag. She coordinates the Leadership Directory and serves as co-liaison to the Illinois Young Professionals Network.

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