Industry News

Record quarter for Illinois home sales

Real estate prices, sales still booming in Chicago area

Illinois existing-home sales reached record levels in the second quarter of this year, and were up 9.8 percent from the second quarter of 2003, the state's association of Realtors reported today.   Existing-home prices in were up 7.2 percent from the second quarter of 2003 to the second quarter of this year, the Illinois Association of Realtors also reported today.   A total of 37,409 existing single-family homes were sold across the state in April through June 2004, up from 34,071 sales in the second quarter of 2003. Year-to-date home sales for the first six months of the year total 59,814, up 7.3 percent from 55,762 in 2003.   Home sales were strongest from the second quarter of 2003 to the second quarter of 2004 in the Belvidere, Illini Valley, Iroquois-Ford and Mid Valley areas. While sales shrunk most in the Livingston County, Lamoine Valley, Jacksonville, DeKalb and Quincy areas.   Home-price appreciation was strongest during that period in the Mid Valley, T...

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