ILLINOIS - May Home Sales

May home sales remain strong in Illinois. According to IAR's latest release, total home sales (single-family and condos) were down just 2.2 percent to 17,442 homes sold, compared to the previous record for the month of 17,840 homes sold in May 2005. The median home price in May was $206,000, up 3.1 percent from a year ago. “Residential housing markets are doing very well in Illinois as the market transitions to a more normal pace of buying and selling,” said IAR President Stan Sieron, CRS, GRI. Read the IAR release. Nationwide, NAR also reports a minor decline in May sales. See the NAR report. If you enjoyed this post, subscribe and get FREE updates! Appraisal , Real Estate , Appraiser , Bloomington , McLean , Illinois , Realtor