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Illinois Homebuyers Fuel Recovery

CHICAGO, IL- Throughout most of the state, the number of home sales in January increased, and prices have risen over last year.

By Brian J. Rogal | Updated on February 21, 2013

CHICAGO, IL- Evidence continues to pile up that the state’s housing market has begun recovering from the collapse of the housing bubble. The Illinois Association of Realtors announced yesterday that a total of 8,502 homes were sold in January, an increase of 31.1 percent over the previous January. Furthermore, the median price for homes increased to $125,000, up 1.2 percent from last year.

“The steady improvement we saw through much of 2012 seems to be continuing in 2013,” said Michael D. Oldenettel, the president of the association.  

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