Illinois home sales increased 17.3 percent over previous-year levels in August and median prices increased 13.6 percent, the Illinois Association of REALTORS® reported today, closing out the summer selling season on a strong note. Statewide home sales (including single-family homes and condominiums) in August 2013 totaled 15,814 homes sold, up from 13,485 in August 2012. August marks one year of continuous annual sales and price gains.
“The spring and summer selling season was quite strong, and the data suggest continued momentum into the fall,” 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. “A 13.6 percent median price gain in August for home prices in the state is an indicator of unflagging demand for homeownership.”
Mark your calendars for the next round of the Illinois Association of REALTORS®’ “Let’s Talk Real Estate with Members of Congress” events scheduled in October. Each two-hour program includes a breakfast or lunch, a presentation by the member of Congress, time for Q&A and networking.
Stay tuned for details on how you can RSVP for events with U.S. Reps. Cheri Bustos, Jan Schakowsky, Robin Kelly, Mike Quigley and Brad Schneider.
Attendees on their way to their first stop of the tour.
The Rockford Area Association of REALTORS® presented “Raise the Roof,” a walking tour of five of Rockford’s most historic buildings with a rooftop party at each stop. The fundraiser attracted more than 375 attendees with proceeds helping to install a new roof at Frank Lloyd Wright’s Laurent house.
Steve Bois, CEO of the Rockford Area Association said in a release that Rockford is pushing for more downtown living options. “Why is there so much action?” he asked, “Simply because there’s demand for it. Rockford-area residents want more downtown living options, but until now there’s been very little to choose from.”
Rockford Area Association Executive Steve Bois speaking at the event.
(Photos courtesy of the Rockford Register Star.)
IAR's Housing Policy Advisor Sharon Gorrell, U.S. Rep. Danny Davis, IAR's Federal Political Coordinator Cedrick Hunter and IAR Treasurer Jim Kinney
More than 80 REALTORS® registered for today’s meeting in Oak Park with Congressman Danny Davis of Illinois’ 7th District to talk about what’s happening in real estate.
The meeting is part of a series of “Let’s Talk Real Estate” events hosted by the Illinois Association of REALTORS® to connect members of Congress with their REALTOR® constituents back in the home district. More meetings are scheduled later this week.
Illinois home sales increased 13.6 percent over previous-year levels in March and median prices increased 3.6 percent, according to the Illinois Association of REALTORS®. Statewide home sales (including single-family homes and condominiums) in March 2013 totaled 10,992 homes sold, up from 9,679 in March 2012. Statewide sales have posted monthly year-over-year gains since July 2011.
“We are entering what is traditionally the busiest period of the year in the real estate market,” 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 decreasing time it takes to sell a home, coupled with shrinking inventories shows there is keen interest on the part of homebuyers who are rushing to lock in favorable interest rates and take advantage of low, but increasing prices.”