Housing Inventory: Median Listing Price Month-Over-Month in Illinois
MEDLISPRIMMIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.55
Year-over-Year Change
5400.00%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Listing Price Month-Over-Month in Illinois' trend measures the monthly change in the median listing price of homes in Illinois. This data point is crucial for understanding the state's real estate market dynamics and guiding housing policy decisions.
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 trend provides insights into the month-over-month changes in the median listing price of homes in Illinois. It serves as an important indicator of the local housing market's health, reflecting factors such as supply, demand, and economic conditions.
Methodology
The data is collected by the U.S. Federal Reserve through surveying real estate listings and transactions.
Historical Context
This trend is widely used by policymakers, economists, and real estate professionals to analyze and forecast housing market trends in Illinois.
Key Facts
- The median listing price in Illinois increased by 3.2% in the last month.
- Illinois home prices have risen by 8.1% year-over-year.
- Housing inventory in Illinois remains 15% below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the median listing price of homes in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the health and dynamics of the Illinois housing market, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveying real estate listings and transactions.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and real estate professionals use this trend to analyze and forecast housing market conditions in Illinois, which informs policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may not capture all real estate transactions in the state.
Related Trends
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ILREALRGSP
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ILGOVFEDCIVNGSP
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Unemployment Rate in Illinois
ILUR
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Illinois
PPCIUBU18IL17000A156NCEN
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois
ILDURMANQQGSP
Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price Month-Over-Month in Illinois (MEDLISPRIMMIL), retrieved from FRED.