Illinois First Quarter Home Sales Jump 23.5 Percent Median Price Leveling at $144,600

SPRINGFIELD, IL - May 11, 2010 - (RealEstateRama) -- Buyers were out in force in the first quarter led by low interest rates and homebuyer tax credits. According to the Illinois Association of REALTORS® (IAR) first quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 21,242 in the first quarter, up 23.5 percent from 17,194 home sales in the same period a year ago. The first quarter statewide median home sale price was $144,600, off 0.3 percent from $145,000 in the first quarter of 2009. The median is a typical market price where half the homes sold for more, half sold for les

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