SPRINGFIELD, IL – September 23, 2010 – (RealEstateRama) — Illinois home sales made gains in August from the previous month as buyer affordability conditions soared; slower activity is anticipated due to seasonal factors and fewer buyers in the immediate pipeline following the tax credit. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in August 2010 totaled 8,390, an increase of 2.6 percent from July’s 8,181 home sales; year-over-year home sales are down 21.9 percent compared to August 2009 sales of 10,740 homes. Year-to-date sales remain positive, up 9.2 percent January through August 2010 with 73,598 sales compared to 67,390 home sales for the same period in 2009.
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