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Spring Home Sales off to Strong Start

CHICAGO—After seeing a significant slowdown last year, there are signs the home sales market will be back in a big way this year.

By Brian J. Rogal | Updated on April 22, 2015

CHICAGO—After spending a significant stretch of time in the doldrums, the state’s spring housing market got off to a strong start in March with sharp gains in year-over-year home sales and median prices, according to the Illinois Association of REALTORS®.

Home sales totaled 11,416, up 13.1% from March 2014 when 10,093 homes were purchased. And the statewide median price rose to $165,000, an 11.5% gain over last March when the median hit $148,000. As reported in GlobeSt.com, a recent analysis by RE/MAX found that sales in seven northern counties jumped 13%.

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