July Illinois Home Sales Up 18.4 Percent from a Year Ago Statewide Median Price at $153,000

SPRINGFIELD, IL – August 18, 2011 – (RealEstateRama) — According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in July 2011 totaled 9,708 homes sold, up 18.4 percent from 8,197 home sales in July 2010. The statewide median price in July was $153,000, down 3.8 percent from $159,000 in July 2010. The median is a typical market price where half the homes sold for more, half sold for less