Illinois home sales and prices see double-digit gains in July – IAR releases July 2013 home sales data

July 2013 home sales infographic

Illinois home sales surged 28.5 percent over previous-year levels in July and median prices increased 14.2 percent, providing evidence of a strong summer housing market, the Illinois Association of REALTORS® reported today. Statewide home sales in July 2013 totaled 16,012 homes sold, up from 12,461 in July 2012. Illinois total home sales are the highest since August 2006.

“Slight increases in interest rates over the past few months have done little to slow interest in homeownership,” 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. “Buyers are clearly comfortable enough with the way the economy is progressing to make a big purchase, and sellers are getting off the sidelines as they see prices begin to erase losses sustained during the recession.”

This entry was posted in Housing Market by Kara Kienzler. Bookmark the permalink.

About Kara Kienzler

Kara Kienzler is Webmaster/Communications Coordinator for the Illinois Association of REALTORS® (IAR). She serves as Webmaster for the IAR websites including www.illinoisrealtor.org and www.yourillinoishome.com. She is responsible for the design, layout, printing and online strategy of IAR publications including the Illinois REALTOR® magazine, e-newsletters and other publications, and assists with new releases, issues research, surveys and speechwriting. She also plans and develops content for the IAR blog at www.iarbuzz.com and coordinates the Illinois REALTOR® magazine Twitter account content at ILREALTORmag. She coordinates the Leadership Directory and serves as co-liaison to the Illinois Young Professionals Network.

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