According to the Illinois Association of Realtors (IAR):
Illinois housing sector adjusts to more sustainable sales pace in the third quarter, while mortgage interest rates remain near 45-year historic lows. Total home sales were down 14.7 percent in the third quarter of 2006 to 46,759 homes sold.
Year-to-date home sales for January through September totaled 131,826, off 7.4 percent from 142,316 home sales in 2005. The Illinois median home sale price in the third quarter was $209,000. “It’s clear the housing market is stabilizing and is shaping up to be the third best year for Illinois home sales.
Conditions are ideal for buyers as we head into the home stretch for 2006 with more choices and room to negotiate with current inventory levels,” said IAR President Robert Zoretich. Find Illinois county-by-county housing stats online.
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