February home sales in Illinois up 16.2 percent; sixth straight month of year-over-year price gains – IAR releases February 2013 home sales data.

February 2013 Illinois housing market snapshotIllinois home sales increased 16.2 percent over previous-year levels in February and median prices increased 5.1 percent, according to the Illinois Association of REALTORS®. Statewide home sales (including single-family homes and condominiums) in February 2013 totaled 8,213 homes sold, up from 7,067 in February 2012. Statewide sales have posted monthly gains since July 2011.

“The first two months of the year are typically slower in the real estate business, but so far we’ve seen an encouraging number of sales,” said Michael D. Oldenettel, CRS, GRI, president of the Illinois Association of REALTORS® and Managing Broker/Owner with RE/MAX Results Plus in Jacksonville, Ill. “The February sales numbers show that we have a good rolling start into a portion of the year where traditionally we see more people list homes.”

Link here to the news release.

2013-03-21T08:10:17-05:00March 21st, 2013|Housing Market|0 Comments

About the Author:

Jon Broadbooks is vice president for communications at Illinois REALTORS®.

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