Housing Inventory: Average Listing Price Month-Over-Month in Illinois
AVELISPRIMMIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.82
Year-over-Year Change
-26.61%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Average Listing Price Month-Over-Month in Illinois' trend measures the change in the average home listing price over time in the state of Illinois. This metric is closely watched by economists and policymakers to gauge housing market conditions and affordability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the average listing price for homes in Illinois on a month-over-month basis. It provides insight into the direction and pace of home price changes, which is a key indicator of housing market dynamics and can inform policy decisions and investment strategies.
Methodology
The data is collected by real estate research firms through surveys of active home listings.
Historical Context
Policymakers and market analysts use this metric to assess the health of the Illinois housing market and make informed decisions.
Key Facts
- Illinois home prices rose 3.2% month-over-month in June 2022.
- The average listing price in Illinois reached a record high of $350,000 in August 2022.
- Inventory of homes for sale in Illinois remained 15% below the national average in Q3 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the average listing price for homes in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the housing market dynamics in Illinois, which is critical information for policymakers, real estate investors, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of active home listings conducted by real estate research firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Illinois housing market and make informed decisions about housing policy, mortgage regulations, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the end of the reporting period and the release of the latest figures.
Related Trends
Gross Domestic Product: Rail Transportation (482) in Illinois
ILRAILTRANNGSP
Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Illinois
ILAMUSENGSP
All Employees: Information: Telecommunications in Illinois
SMU17000005051700001SA
Real Gross Domestic Product: Primary Metal Manufacturing (331) in Illinois
ILPRIMETMANRGSP
All Employees: Leisure and Hospitality: Accommodation in Illinois
SMU17000007072100001
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Illinois
EMISSCO2CMGACBILA
Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price Month-Over-Month in Illinois (AVELISPRIMMIL), retrieved from FRED.