Illinois Home Sales Up 10 Months in a Row, Chicago Region a Full Year Statewide Home Prices Stabilizing
July 23, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - July 23, 2010 - (RealEstateRama) — Home prices in Illinois are showing signs of stabilizing with continued positive year-over-year median price growth and 10 straight months of mostly double-digit sales increases; the Chicago region marked a year of positive sales activity in June. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in June 2010 were up 18.3 percent, totaling 13,072 homes sold compared to June 2009 sales of 11,048 homes. The median price in June 2010 was $170,000, up 2.5 percent from $165,825 in June 2009. The median is a typical market price where half the homes sold for more, half sold for less.
Double-Digit Home Sales Gains Continue in Illinois Statewide Median Price Up 0.6 Percent
June 22, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - June 22, 2010 - (RealEstateRama) — Illinois home sales activity in May increased for the ninth consecutive month and it was the third month of positive year-over-year price movement in 2010. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in May 2010 were up 27.1 percent, totaling 11,638 homes sold compared to May 2009 sales of 9,159 homes. The median price in May 2010 was $157,000, up 0.6 percent from $156,000 in May 2009. The median is a typical market price where half the homes sold for more, half sold for less.
Illinois First Quarter Home Sales Jump 23.5 Percent Median Price Leveling at $144,600
May 11, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - May 11, 2010 - (RealEstateRama) — Buyers were out in force in the first quarter led by low interest rates and homebuyer tax credits. According to the Illinois Association of REALTORS® (IAR) first quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 21,242 in the first quarter, up 23.5 percent from 17,194 home sales in the same period a year ago. The first quarter statewide median home sale price was $144,600, off 0.3 percent from $145,000 in the first quarter of 2009. The median is a typical market price where half the homes sold for more, half sold for les
Illinois Home Sales Continue to Post Gains, Up 32.8 Percent in March Median Price Holds Steady at $148,500
April 22, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - April 22, 2010 - (RealEstateRama) — The Illinois housing market posted its seventh consecutive month of year-over-year home sales increases in March as the spring market heats up and the April 30 federal homebuyer tax credit deadline nears. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in March 2010 were up 32.8 percent, totaling 9,487 homes sold compared to March 2009 sales of 7,142 homes. The median price in March 2010 was $148,500, down 0.3 percent from $149,000 in March 2009. The median is a typical market price where half the homes sold for more, half sold for less
Illinois Home Sales in February Mark Sixth Consecutive Gain Up 15.7 Percent from a Year Ago
March 22, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - March 22, 2010 - (RealEstateRama) — The Illinois housing market posted its sixth consecutive month of year-over-year home sales increases in February as tax credit and buyer market conditions continue to move the market toward stability. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in February 2010 were up 15.7 percent, totaling 6,068 homes sold compared to February 2009 sales of 5,243 homes. The median price in February 2010 was $135,000, down 3.6 percent from $140,000 in February 2009. The median is a typical market price where half the homes sold for more, half sold for less
Illinois Home Sales Increase 14 Percent in January from a Year Ago
March 1, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - March 1, 2010 - (RealEstateRama) — Buyer market conditions remain in most Illinois housing markets as January marked the fifth consecutive month of year-over-year home sales increases while the statewide median price logged its first uptick since September 2007. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in January 2010 were up 14.0 percent, totaling 5,483 homes sold compared to January 2009 sales of 4,809 homes. The median price in January 2010 was $145,300, up 0.2 percent from $145,000 in January 2009. The median is a typical market price where half the homes sold for more, half sold for less.
Illinois Fourth Quarter Home Sales Finish Strong, Up 35.6 Percent Buyer Market Conditions Continue as 2010 Begins
February 11, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - February 11, 2010 - (RealEstateRama) — Fueled by the tax credit incentive, home sales rebounded in the latter half of the year with Illinois buyers gaining some long-awaited confidence bolstered by low mortgage interest rates and moderating home prices. According to the Illinois Association of REALTORS® (IAR) fourth quarter 2009 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,822 in the fourth quarter, up 35.6 percent from 21,986 home sales in the same period a year ago. For the year 2009, total sales were down 1.4 percent with 107,613 homes sold compared to 109,195 sales in 2008
First-time buyers dominate Illinois housing market
January 28, 2010 Posted by Illinois RealEstateRama
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.
Illinois Home Sales in December Log Fourth Consecutive Gain Year-End Home Sales Down 1.5 Percent in 2009
January 26, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - January 26, 2010 - (RealEstateRama) — Illinois housing markets show signs of stabilizing as low interest rates and the tax credit stimulus helped to reduce inventories through the end of 2009 while more markets reported median price increases in December. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in December 2009 were up 20.1 percent, totaling 8,197 homes sold compared to December 2008 sales of 6,823 homes, marking the fourth consecutive month of year-over-year sales increases statewide. The median price in December 2009 was $152,000 down 1.9 percent from $155,000 in December 2008. The median is a typical market price where half the homes sold for more, half sold for less
IAR Releases 2010 Illinois Housing Market Forecast
December 15, 2009 Posted by Illinois RealEstateRama
Springfield, IL - December 15, 2009 - (RealEstateRama) — More optimism in terms of year-over-year home sales increases is projected in 2010 while the declines in median prices continue but at a lower rate of decline, according to the 2010 Illinois Housing Market Forecast released by the Illinois Association of REALTORS® and prepared by economists from the University of Illinois Regional Economics Applications Laboratory (REAL).
Pent-Up Demand and Tax Credit Drive October Home Sales Rally Sales Up 24.2% Statewide and 33.3% in Chicago Region
November 23, 2009 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - November 23, 2009 - (RealEstateRama) — Illinois home sales took a double-digit jump in October as buyers took advantage of unprecedented buyer-market conditions with record low mortgage interest rates, affordable home prices and the federal first-time homebuyer tax credit. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in October 2009 reached 10,986 homes sold, up 24.2 percent from October 2008 sales of 8,846. The Illinois median price in October 2009 was $157,000 down 7.6 percent from $170,000 in October 2008. The median is a typical market price where half the homes sold for more, half sold for less
Deadline Nears for First-Time Homebuyer Tax Credit and State’s Down Payment Advance Loan Program
September 4, 2009 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - September 4, 2009 - (RealEstateRama) — The end is nearing for the first-time homebuyer tax credit. In order to qualify, homebuyers must close on or before midnight on November 30th of this year to qualify for the tax credit. The National Association of REALTORS® estimates close to two million first-time buyers will have taken advantage of the $8,000 tax credit this year, stimulating an additional 350,000 home sales
RealtyBid.com Named America’s #1 Real Estate Team by The Wall Street Journal, REAL Trends and Lore Magazine
November 15, 2007 Posted by Illinois RealEstateRama
RAINBOW CITY, Ala., Nov. 15 /PRNewswire/ — RealtyBid.com has been named America’s top real estate team in transaction sides by The Wall Street Journal, REAL Trends and Lore Magazine. Because of the honor, Tony Isbell, broker and CEO/president of RealtyBid.com, is now a member of “The Real Estate Top 200,” a prestigious national ranking sponsored […]
Fox Valley hasn’t been seriously impacted by cut in housing jobs
August 8, 2007 Posted by Illinois RealEstateRama
Housing-related job cuts have climbed to new levels, reflecting the soft underbelly of the real estate industry’s progress at reversing sputtering home sales, according to Chicago-based Challenger, Gray & Christmas Inc., a leading international outplacement firm.
Older homes’ appeal growing
June 20, 2007 Posted by RealEstateRama
By Michelle Koetters
A growing number of homebuyers around the Twin Cities have found a similar attachment to older homes.
Real estate agents sold 561 homes built before 1940 in 2006, 87 more than they did in 2005, according to the Bloomington-Normal Association of Realtors. Old home sales in 2006 were at the highest level since 1999 when agents sold 490 pre-1940s […]
