Illinois median home prices showed strong gains in January compared to previous - year levels while statewide home
sales decreased during the same period, according to Illinois REALTORS ®.
Sales decreased 3.7 % in the Midwest and 17.6 % in the West.
In the Midwest, existing - home
sales decreased 4.2 percent in the third quarter but are 1.0 percent above a year ago.
Lower housing inventory and strong buyer demand drove median home prices higher even as statewide home
sales decreased in February, according to Illinois REALTORS ®.
«It's not a big surprise that
sales decreased compared to last year,» said RAHB CEO George O'Neill.
Pending sales held steady at 74, while the number of closed
sales decreased 13.8 percent, from 87 to 75.
Meanwhile,
sales decreased 8 percent as inventory took its greatest year - over-year tumble in 2016 and dropped by 12 percent.
Compared to October of 2011, the number of short
sales decreased 1.36 percent and foreclosures increased 9.36 percent.
Sales of normal homes increased 29.25 percent in May 2016, while foreclosures decreased 57.58 percent and short
sales decreased 24.79 percent.
In October, total existing - home
sales decreased 3.4 % to a seasonally adjusted annual rate of 5.36 million.
The number of closed
sales decreased from 73 to 70, a 4.1 percent decline.
California existing home
sales decreased in November from both the previous month and year for the first time in nearly, the CAR report said.
* The number of normal sales in September increased by 20.52 percent compared to September 2015, while foreclosures decreased 60.33 percent and short -
sales decreased 24.78 percent.
* The number of normal sales in August increased by 8.6 percent compared to August 2016, while foreclosures decreased 49.0 percent and short -
sales decreased 32.9 percent.
Closings of short
sales decreased by 49 percent while closings of foreclosures decreased 16.26 percent.
The number of pending
sales decreased from 154 to 144, a 7.1 percent drop, and the number of units sold decreased 4.9 percent, from 162 last August to 154 this year.
Single family home
sales decreased 11.32 %, condominium
sales decreased 14.82 %.
Although existing home
sales decreased in November, the share of sales for first - time buyers increased to the highest level since October 2012.
November all cash
sales decreased to 25 percent of transactions, down from 27 percent in October and 32 percent during the same month a year ago.
Existing home
sales decreased 6.1 percent in November, but were 2.1 percent above the same period a year ago.
Existing - home
sales decreased 2.8 percent in December to an annual rate of 5.49 million, according to NAR, with a median price of $ 232,200.
In the Midwest, existing - home
sales decreased 3.8 percent to an annual rate of 1.28 million in December, but are still 2.4 percent above a year ago.
Pre-foreclosure sales were still up 6 percent on a year - over-year basis in Arizona, but REO
sales decreased 49 percent from a year ago.
But more broadly, the building trends in those metros looks more like Dallas: Inside a 30 - mile radius from the center of the city, new home
sales decreased from 2000 to 2015.
The September 2012 level of single - family existing
sales decreased to a seasonally adjusted 4.21 million sales, down 1.9 % from a revised 4.29 million sales in August, but up 10.8 % from 3.80 million units during the same month a year ago.
Condo / townhouse
sales decreased 27.1 percent, falling from 48 to 35, while the average sale price in the condo / townhouse market increased 1.5 percent.
Closed
sales decreased 20.1 percent for Single Family properties and increased 3.7 percent for townhouse - condo properties.
Pending sales rose 14.3 percent, from 56 to 64, while the number of closed
sales decreased 27.1 percent, from 48 to 35.
Pending
sales decreased 5.7 percent for single family homes, but increased 16.1 percent for townhouse - condo properties.
Existing home
sales decreased 1.7 % in September from August, but were up 11.0 % from the same period a year ago.
Closed
sales decreased 6.6 percent for Single Family properties and decreased 19.6 percent for townhouse - condo properties.
New Listings were down 3.2 percent for Single Family homes but increased 7.1 percent for Townhouse - Condo properties.Pending
Sales decreased 4.6 percent for Single Family homes and decreased 4.7 percent for Townhouse - Condo properties.
Office sales increased by 23 % to $ 1.6 billion, while retail sales held steady at $ 449 million and industrial
sales decreased to $ 458 million.
Pending
Sales decreased 7.6 percent for Single Family homes and remained flat for Townhouse - Condo properties.
West: Existing - home
sales decreased 3.3 percent to an annual rate of 1.18 million in April, but are still 3.5 percent above a year ago.
* The number of normal sales in May increased by 22.28 percent compared to May 2014, while foreclosures increased 1.50 percent and short -
sales decreased 53.78 percent.
Closed
sales decreased 18.2 percent for Single Family properties and decreased 2.0 percent for townhouse - condo properties.
While July home
sales decreased slightly, homes sold at a faster rate than any month in nearly a decade, according to the August RE / MAX...
Sales of single - family homes decreased 6.83 percent year over year; condo
sales decreased 7.65 percent.
The year - to - year median price of normal
sales decreased 0.01 percent, while the median price for foreclosure sales increased 8.11 percent and short sales increased 15.38 percent.
Closings of short
sales decreased by 40.65 percent while closings of foreclosures increased 17.00 percent.
For example, while overall pending and closed
sales decreased 12 and 19 percent, respectively, median closed prices held steady or decreased in 73 percent of the market in September.
The inventory of normal homes increased 4.80 percent, while foreclosures decreased 62.22 percent and short
sales decreased 40.92 percent.
And from 2007 to 2011, the annual number of condo
sales decreased by more than half.
* Single - family
sales decreased 2.54 percent year - over-year, while condo
sales decreased by 6.09 percent.
* The number of normal sales in February increased by 20.60 percent compared to February 2014, while foreclosures increased 36.22 percent and short -
sales decreased 32.84 percent.
Northeast: existing - home
sales decreased 6.2 percent to an annual rate of 760,000, but remain 2.7 percent above a year ago.
October could have been better, but it did pretty well given the fact that we had no historic perspective of how the market would behave after a hurricane, Even though overall pending
sales decreased 11 percent in October, some pockets of the market saw really good activity during the month.
Existing
sales decreased monthly in all four regions ranging from 1.3 % in the South to 6.0 % in the Midwest.
* The number of normal sales in March increased by 18.79 percent compared to March 2015, while foreclosures decreased 53.70 percent and short -
sales decreased 30.77 percent.