Illinois Home Sales Continue to Post Gains, Up 32.8 Percent in March
Median Price Holds Steady at $148,500

The Illinois housing market posted its seventh consecutive month of year-over-year home sales increases in March as the spring market heats up and the April 30 federal homebuyer tax credit deadline nears. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in March 2010 were up 32.8 percent, totaling 9,487 homes sold compared to March 2009 sales of 7,142 homes. The median price in March 2010 was $148,500, down 0.3 percent from $149,000 in March 2009. The median is a typical market price where half the homes sold for more, half sold for less.

Year-to-date January through March 2010, Illinois home sales were up 23.5 percent to 21,242 homes sold compared to 17,194 homes sold for the same period in 2009. The year-to-date median price was $144,600, off 0.3 percent from $145,000 in 2009.