Home Sales in November: Selling Price Up, Total Sales Down

By Todd Wineburner

When it comes to November housing sales, there’s good news and bad news. The Illinois Association of Realtors reports that the average price of a home sold in November was up nearly 7 percent when compared to the same time a year ago. The bad news is that the number of homes sold decreased by nearly 10 percent when compared to 2013 figures. Statewide, the average price of a home in November was 155-thousand dollars. Just under 10,000 homes were sold.

Twenty-eight of 102 counties in Illinois showed annual home sales increases in November 2014. Fifty-two counties showed year-over-year median price increases including Kankakee, up 21.1 percent to $119,900; McLean, up 10.1 percent to $161,243; Lake, up 9.6 percent to $183,950; Cook, up 8.9 percent to $183,000; and Rock Island, up 3.6 percent to $107,000.