Housing Inventory: Average Listing Price in Illinois
AVELISPRIIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
465,891.00
Year-over-Year Change
-6.24%
Date Range
7/1/2016 - 7/1/2025
Summary
The Housing Inventory: Average Listing Price in Illinois trend measures the average price of homes listed for sale in the state of Illinois. This metric is closely watched by economists and policymakers as an indicator of housing market conditions and consumer demand.
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: Average Listing Price in Illinois represents the average price of homes actively listed for sale on the housing market in Illinois. This data point is used to analyze trends in home prices, housing affordability, and the overall health of the residential real estate sector within the state.
Methodology
The data is collected through a survey of real estate listings and aggregated by the U.S. Federal Reserve.
Historical Context
Housing prices and inventory levels are closely monitored by economists, policymakers, and market analysts to assess consumer demand and gauge the broader economic climate.
Key Facts
- The average listing price in Illinois hit a record high in 2022.
- Housing inventory has declined steadily in Illinois over the past decade.
- Tight housing supply has driven up prices and reduced affordability for many buyers.
FAQs
Q: What does this economic trend measure?
A: The Housing Inventory: Average Listing Price in Illinois measures the average price of homes listed for sale on the real estate market in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and real estate market participants as an indicator of housing demand, affordability, and the overall health of the residential real estate sector in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through a survey of real estate listings and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Housing prices and inventory levels are monitored by policymakers to assess consumer demand, housing affordability, and the broader economic climate, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, but there may be a lag of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price in Illinois (AVELISPRIIL), retrieved from FRED.