SPRINGFIELD, IL – May 10, 2011 – (RealEstateRama) — Illinois home sales in the first quarter of 2011 reflect the variety of housing opportunities available at attractive prices across the state with close to 70 percent of homes sold priced below $200,000. According to the Illinois Association of REALTORS® (IAR) first quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 18,940 in the first quarter, down 11.2 percent from 21,320 home sales in the same period a year ago while up significantly by 24.0 percent from the same period in 2009 when just 17,194 homes were sold. The first quarter statewide median home sale price was $131,175, down 8.9 percent from $144,000 in the first quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.
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