Tag Archives: Illinois home sales rise 14.2% as buyers seek bargains

November home sales in Illinois rose 14.2% from a year earlier — a sign that a recovery in the housing market is under way, the Illinois Association of Realtors said Wednesday. Still, home prices took a big hit, according to the report. According to IAR, Illinois home sales in November grew to 7,954 from 6,966 in November 2010 as buyers favored lower-priced properties. The median price in November was $128,500, down 11.4% from $145,000 a year earlier. November’s home sales are down 7% from October’s total of 8,563, in what […]