With the full release of the October 2025 housing market data, the metrics told a story of a small, yet meaningful shift in momentum. Following a long stretch of uncertainty, real estate activity moved higher. It’s important to remember that real estate activity isn’t driven merely by mortgage rates. Household incomes, housing inventory, and everyday life as a whole create ripple effects across the market. On the consumer front, October resembled a market finding its footing.

The May 2024 housing market data reveals significant fluctuations in home sales, prices, inventory levels, and new construction activities. As we navigate through 2024, the housing market continues to present a mixed bag of trends and challenges. For Illinois residents and those involved in the real estate sector, understanding these dynamics is crucial for making informed decisions.