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Illinois Home Sales Strongest in Five Years
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You're Now Reading:
Illinois Home Sales Strongest in Five Years
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
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Illinois Home Sales Strongest in Five Years
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February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

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February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.