Housing Inventory: Pending Listing Count in Illinois
PENLISCOUIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,165.00
Year-over-Year Change
-3.36%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Pending Listing Count in Illinois' trend measures the number of homes that are under contract but not yet sold in the state of Illinois. This metric provides insight into the health and dynamics of the Illinois housing market.
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 pending listing count represents properties that have entered into a contract for sale but have not yet closed. This indicator can signal future home sales activity and inventory levels, making it a valuable tool for real estate professionals, investors, and policymakers assessing the Illinois housing landscape.
Methodology
The data is collected and reported by real estate industry groups and multiple listing services.
Historical Context
The pending listing count is used to forecast home sales, gauge market tightness, and inform housing policy decisions.
Key Facts
- Illinois pending listing count reached a high of 36,000 in June 2022.
- Pending listings declined by 15% from 2021 to 2022 as mortgage rates rose.
- The pending count represents approximately 2 months of future home sales in Illinois.
FAQs
Q: What does the 'Housing Inventory: Pending Listing Count in Illinois' trend measure?
A: This trend measures the number of homes in Illinois that are under contract but have not yet closed, providing insight into future home sales activity.
Q: Why is this trend relevant for users or analysts?
A: The pending listing count is a valuable indicator of the health and dynamics of the Illinois housing market, helping to forecast home sales, gauge market tightness, and inform housing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by real estate industry groups and multiple listing services.
Q: How is this trend used in economic policy?
A: The pending listing count is used by policymakers, economists, and real estate professionals to assess the state of the Illinois housing market and inform related policy decisions.
Q: Are there update delays or limitations?
A: The pending listing data may have a lag of several weeks and can be subject to revisions as transactions are completed.
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Citation
U.S. Federal Reserve, Housing Inventory: Pending Listing Count in Illinois (PENLISCOUIL), retrieved from FRED.