Illinois home sales and prices continue upward climb in August – IAR releases August 2013 home sales data

Illinois home sales increased 17.3 percent over previous-year levels in August and median prices increased 13.6 percent, the Illinois Association of REALTORS® reported today, closing out the summer selling season on a strong note. Statewide home sales (including single-family homes and condominiums) in August 2013 totaled 15,814 homes sold, up from 13,485 in August 2012. August marks one year of continuous annual sales and price gains.

“The spring and summer selling season was quite strong, and the data suggest continued momentum into the fall,” 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.  “A 13.6 percent median price gain in August for home prices in the state is an indicator of unflagging demand for homeownership.”

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