Forecast: What’s ahead for the Illinois housing market through the rest of 2021

Forecast: What’s ahead for the Illinois housing market through the rest of 2021

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The Regional Economics Applications Laboratory (REAL) at the University of Illinois developed a special, six-month forecast looking at what to expect in the Illinois housing market in the second half of 2021. Look for median prices to increase while home sales fall more in line with 2020 levels.

Find the six-month forecast and watch this video with Dr. Geoffrey J.D. Hewings as he discusses the trends shaping the market, shares news about changes in the U of I forecasting team and introduces his successor, Dr. Dan McMillen.

*Illinois REALTORS®, we want to hear from you. If you have any questions about market trends after watching this video, please send them to [email protected]



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