The Illinois housing market posted numbers in July 2009 with home sales about even with the same period 2008. Further, there has been six straight months of of month-to-month increases in the state of Illinois.
Statewide total home sales in July 2009 was 11, 407 compared to 11, 417 in July 2008.
Of particular importance, though home units have increased month-to-month, home prices are relatively flat. The Illinois median price in July 2009 was $169,000, up 1.2% from June 2009 and down 13.8% from July 2008.
Distressed sales, Foreclosures, Short Sales and REO (bank owned homes) accounted for 31-33% of home sales.
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