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HomeGain Releases 1st Quarter 2012 Illinois Home Values Survey Results

Ninety percent of Illinois real estate professionals and 80 percent of Illinois homeowners predict home values will decline or stay the same in the next six months

HomeGain, one of the first companies to provide free instant home valuations online, released the results of our first quarter 2012 nationwide home values survey of over 400 HomeGain current and former members and more than 1,700 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 1st quarter 2012 national results as well as the complete 1st quarter 2012 regional results, including commentary from real estate agents and brokers.

Earlier this month we released the California 1st quarter 2012 home values survey data, the Florida 1st quarter 2012 home values survey data, and the 1st quarter 2012 Texas home prices survey data. In the coming days we will be releasing home values survey data from New York, New Jersey, Arizona, and other states.

See all past Illinois home values surveys.

Today we are publishing the Illinois home prices survey data.

Set forth below is the first quarter 2012 real estate professional and home owner Illinois home prices survey data along with the fourth quarter 2011 real estate professional survey data and the first quarter 2011 national home prices survey data: (click on each question to see complete results):

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?
  11. If the Presidential election were today, who would you select for President?

Question 1:

Question 2. On average, what do your homeowner clients believe that their home is worth?

Question 3. How do your home buyer clients feel that homes for sale are priced?

Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?

Question 5. What is the average difference in price between what the home is listed at and what the home sells for?

Question 6:

Question 7. What percent of homes in your area are foreclosures?

Question 8. What is the average home price in your area?

Question 9: What percentage of your clients are first-time buyers?

Question 10:

Question 11:

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See National and Regional Survey Results

Try HomeGain’s Instant Home Values tool

Check Illionois home prices:

Chicago home values

Chicago homes for sale

Chicago Real estate

View Illinois homes for sale

Search Illinois real estate

Find U.S. homes for sale and search U.S. real estate on homegain.com

Join a Chicago Real Estate discussion on HomeGain Nation

Louis Cammarosano



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Comments

arrow2 Responses

  1. 81 mos, 2 wks ago

    Those figures and value in the chart above are interesting indeed. Look how big the percentage of the home value decreased for 2012 and to think that 40% of homeowners believed their homes 10-20% worth higher.

  2. 81 mos, 1 wk ago

    38% believe their home price is 10-20% higher which according to me is good sign. But that needs to continue to make investment roll-in real estate market.

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