Illinois Home Sales Plummeted in May Compared to Last Year
Illinois Home Sales Plummeted in May Compared to Last Year Heading link
The number of Illinois home sales and the available housing inventory for May dropped considerably in comparison to May of last year. In the latest report from Illinois Realtors, sales decreased over 22% in May compared to May 2022, and there were over 6,000 fewer homes for sale in Illinois last month compared to last year at this time.
“The really big change that we see is that the available housing inventory is down about 27% and is at the lowest it’s been since 2008,” said Daniel McMillen, Professor of Real Estate and Associate Dean of Faculty Affairs.