Illinois homebuyers push double-digit gains
Star Courier
SPRINGFIELD — Holiday cheer began to spread throughout the statewide housing market in November as homes sales and median prices outpaced last year, continuing the positive rebound of the last half of 2020, data from Illinois REALTORS® shows.
Statewide home sales (including single-family homes and condominiums) in November totaled 14,370 homes sold, up 29.0 percent from 11,141 in November 2019.
The statewide median price in November was $230,000, up 15.0 percent from November 2019, when the median price was $200,000. The median is a typical market price where half the homes sold for more and half sold for less.
“Temperatures may be falling but the state’s housing market remained hot in November with double-digit gains in home sales and prices,” said Sue Miller, president of Illinois REALTORS® and designated managing broker of Coldwell Banker Real Estate Group in McHenry. “2020 has been a challenging year, but the housing market has been a bright spot and is ending the year strong.”