Check out these Illinois housing numbers which just came courtesy of the Illinois Board of Realtors and Medill News Services:
My feeling is that the real estate market in Illinois is much more stable than other markets throughout the United States and sales will continue to be driven by local pent up demand for Chicagoland housing.Illinois total home sales in March rose significantly from February, even as national existing-home sales fell 2 percent in the same month.
According to the Illinois Association of Realtors, Illinois total home sales, which includes single-family, condominiums, new and existing homes, jumped 24.5 percent last month to 8,509 compared with February sales of 6,832. The Illinois median price, the price where half the homes sold for more and half sold for less, was $194,500 in March, down 1.3 percent from $197,000 in March of 2007.
Although March 2008 sales for the state were down 29.5 percent from 12,075 in March 2007, experts say they expect further progress this year as the season changes.
Let's see how the April 2008 housing numbers turn out.
