According to IAR's Illinois 1Q07 housing market report, total home sales (which include single-family homes and condos) totaled 29,390, down 14.2 percent from 34,235 home sales in the first quarter of 2006.
The first quarter median home sale price was $197,000, up 0.5 percent from $196,000 a year earlier.
“Like the rest of the nation, the Illinois housing market took a hit from extreme winter weather in the first few months of the year but we should see activity picking up as buyers take advantage of the dynamics in place with this market including solid inventory levels, low interest rates and a range of housing options available across the state,” said IAR President Robert Zoretich. Also find the national 1Q07 report from NAR.
Slideshow: Best of the Backyard - Get ideas on shaping up an outdoor space for maximum buyer appeal. From low-maintenance water gardens to tree houses for grown-ups, the latest trends are turning backyards into the highlight of home showings.Read more >
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