Illinois experienced a significant outflow of residents in 2024, with a reported 60% of moves being outbound, reflecting broader trends in relocation motivations such as family, jobs, and retirement.
The Altos Market Action Index for Illinois indicates a steady housing market, scoring 44.18 on January 6, showing consistent buyer interest despite high outbound relocation rates.
Linda Feinstein noted that although multiple offers in the housing market are less frequent than last year, demand still outweighs the available inventory.
Carrie McCormick explained that Illinois's real estate market remains stable, with minimal fluctuations, contrasting significantly with states like Florida and New York following the pandemic.
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