Illinois housing market:6 months of increases
August 25, 2009 by admin
Filed under Home Resales
July registered another month of positive signs in the Illinois housing market with home sales about even with July 2008 totals as well as six consecutive month-to-month sales increases for both the state as a whole and the Chicagoland PMSA. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in July 2009 reached 11,407 homes sold, off a slight 0.1 percent from July 2008 sales of 11,417; sales were up 4.2 percent from 10,944 homes sold the previous month of June 2009.
The Illinois median price in July 2009 was down 13.8 percent from $196,000 a year ago in July 2008. In the Chicago Primary Metropolitan Statistical Area (PMSA), home sales were up 0.3 percent from 7,408 homes sold a year ago in July 2008.
