Forecast: Decline In Median In Next 3 Months But Sales Rate To Pick Up

Posted on July 27th, 2010 in All Articles.

See the Latest University of Illinois report on the market at

Here are the highlights• Forecasts for the next three months (July, August and September) indicates that sales should increase in Illinois in the 12-19% range; in Chicago, the sales are expected to grow in the 21-32% range over the same period on an annual basis
• Month to month sales will be positive in July but turning negative in August and September in the 1-7% range in Illinois and 0-5% range in Chicago
•    Median prices are expected to decline over the three months in both Chicago and Illinois • Median prices by September 2010 (2009 values in parentheses) are expected to be
$158,295 (158,200) in Illinois and $188,880 ($199,000) in Chicago