Illinois Home Sales in February Mark Sixth Consecutive Gain Up 15.7 Percent from a Year Ago

SPRINGFIELD, IL – March 22, 2010 – (RealEstateRama) — The Illinois housing market posted its sixth consecutive month of year-over-year home sales increases in February as tax credit and buyer market conditions continue to move the market toward stability. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in February 2010 were up 15.7 percent, totaling 6,068 homes sold compared to February 2009 sales of 5,243 homes. The median price in February 2010 was $135,000, down 3.6 percent from $140,000 in February 2009. The median is a typical market price where half the homes sold for more, half sold for less