April Posts 8th Straight Month of Illinois Home Sales Gains Statewide Median Price Up 5 Percent

SPRINGFIELD, IL – May 24, 2010 – (RealEstateRama) — The Illinois housing market saw positive indicators nearly across the board in April with upward momentum in home prices and sales jumping 34.4 percent on the heels of the homebuyer tax credit deadline. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in April 2010 were up 34.4 percent, totaling 10,323 homes sold compared to April 2009 sales of 7,683 homes. The median price in April 2010 was $157,450, up 5.0 percent from $150,000 in April 2009. The median is a typical market price where half the homes sold for more, half sold for less.


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