Housing Inventory: Median Listing Price Year-Over-Year in Illinois
MEDLISPRIYYIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.50
Year-over-Year Change
-328.76%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend tracks the year-over-year change in the median listing price for homes in Illinois. It provides insight into the state's housing market dynamics and price inflation.
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
The Housing Inventory: Median Listing Price Year-Over-Year in Illinois series measures the percentage change in the median list price of homes for sale in Illinois compared to the same period a year earlier. This metric is a key indicator of housing market conditions and price pressures.
Methodology
The data is collected and calculated by Realtor.com using listing information from residential properties for sale.
Historical Context
This trend is closely monitored by real estate professionals, policymakers, and analysts to assess housing affordability and inflationary pressures.
Key Facts
- The median listing price in Illinois reached a record high in 2022.
- Prices have risen over 10% year-over-year for the past 6 quarters.
- Housing affordability is a major concern for many Illinois residents.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year percentage change in the median listing price for homes for sale in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: The median listing price is a key indicator of housing market conditions and inflationary pressures. It provides important insights for real estate professionals, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Realtor.com using listing information from residential properties for sale.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess housing affordability and inflationary pressures, which can inform decisions around interest rates, mortgage programs, and other housing policies.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some lag in reporting compared to actual market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price Year-Over-Year in Illinois (MEDLISPRIYYIL), retrieved from FRED.