Illinois Homebuyers Remain Bullish

CHICAGO, IL- The state’s residential housing market continues to improve, although there were fewer homes sold in February than in January. The Illinois Association of REALTORS® announced yesterday that a total of 8,213 homes were sold in February, an increase of 16.2 percent over the previous February. A total of 8,502 homes were sold in January. Furthermore, the median price for homes remained $125,000, the same as January, but up 5.1 percent from the previous February.  

“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,” says Michael D. Oldenettel, president of the association and managing broker and owner with RE/MAX Results Plus in Jacksonville, IL.