Housing Gains in Illinois

Illinois home sales soared 37.3 percent over the previous year levels in October and median prices increased 3 percent, according to a release Monday from the Illinois Association of Realtors. Statewide home sales, including single family homes and condos, in October totaled 11,775 homes sold, up from 8577 in October last year. The last time this many houses sold in October in Illinois was in 2006 when 13,067 homes were sold. The statewide median price in October was $133,750, up 3 percent from last year. 68 of the 102 Illinois counties showed year over year home sales increases with McLean County up 8.1 percent to $160,000 and Peoria was up .9 percent to $109,500.