Real Estate Sales & Brokerage in Illinois
The Real Estate Sales and Brokerage industry in Illinois has grown. Revenue and profit margins for the industry have been on the rise, largely due to increasing home prices and strong growth in the commercial sector. The rise of e-commerce, which has hurt the brick-and-mortar retail segment, had the potential to hinder some of the positive trends of the past five years, but not enough to reverse significant industry growth. IBISWorld expects industry revenue to continue rising over the five years to 2022.
This industry comprises brokers and agents who sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.