"Illinois stands out for affordability as sales stay competitive. HW Data's Oct. 3 report shows a statewide median list price of $317,000 with 16,108 active listings. The Market Action Index continues to lower and about 36% of active listings recorded a price reduction during the week. New supply totaled 1,810 listings while 2,103 homes moved under contract. Illinois' median list price of $317,000 sits well below the national figure of $444,900, which helps keep buyers in the market even as competition persists."
"Active listings total 16,108 statewide, and under contract activity outpaced new supply during the week with 2,103 homes absorbed versus 1,810 new listings. That relationship points to steady demand at accessible price points and reinforces the importance of positioning near recent comps. The volume of homes under contract outpaced new listings by 16%, indicating demand is absorbing inventory faster than it arrives. That gap reinforces a competitive environment for accurately priced homes."
Statewide median list price is $317,000 with 16,108 active listings and a Market Action Index of 39.8, indicating conditions that lean toward sellers but remain closer to balance. New supply totaled 1,810 listings while 2,103 homes moved under contract, so under-contract activity outpaced new listings by 16%, signaling demand absorbing inventory faster than it arrives. About 36% of active listings recorded price reductions, showing sellers are calibrating to active buyers. In the Chicago metro, median list price is near $399,990 with 10,962 active listings, a Market Action Index around 40, 35% reductions, and 1,511 homes under contract versus 1,183 new listings.
Read at www.housingwire.com
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