📊 Illinois Housing Market Update – April 2025 Statewide home sales were down 3.4% year-over-year, but median prices continued to rise—up 6.2% to $310,000. Inventory showed a 4.2% increase, offering more options in an otherwise tight market. 🔹 Chicago Metro: Median home price up 5.7% to $370,000 🔹 City of Chicago: Prices up 8% to $399,000, inventory down 12.2% 🔹 30-year mortgage rate: 6.73% (up slightly from March) “This spring market is about strategy,” said Illinois REALTORS® President Tommy Choi. “Buyers are adjusting, sellers are pricing smart, and preparation matters more than ever.” 📍 Dive into the full stats: www.illinoisrealtors.org/marketstats (fb)

People who move in and try to occupy someone else’s home, soon will no longer be able to do so under one of the bills supported by Your Illinois REALTORS®. Senate Bill 1563 is headed to Gov. Pritzker for his signature after passing unanimously in the Illinois House and garnering all but one vote in the Senate. The bill focuses on helping property owners who are absent from their homes for a considerable period and return to find other people living there illegally. (fb)