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Illinois Home Sales Rise

The latest report from IAR indicates total sales statewide (single family,condominiums) for December totaled 7,682.  This is up 11.1 percent from 6,915 sales for November.  When comparing sales from last year (December 2009) sales were down 7.3 percent. from the 8,288 sales in 2009.

The statewide median price of $140,000 compared to $152,000 in December of 2009 results in a 7.9 percent drop.

Predictions for 2011 isn't far different from 2010 with buyers still enjoy low interest rates and home affordability.

Foreclosures are expected to remain a challenge and the Short Sale process will hopefully be a far less stressful experience for qualified buyers.  The response time for these transactions is supposed to be quicker than in the past.

In December of 2010, the North Central region had an average commitment rate of 4.80 for a 30 year fixed.  The previous year in December it averaged at 5.04 percent.

Go to IAR Market Stats for the latest updates on your market conditions.


McDowell Grove

DuPage County has 60 preserves and 145 miles of trails.  It may be cold out but these trails can still be enjoyed all year.  Get out and do some walking!  I took this over a week ago.  I wasn't able to get as many photo's as I wanted here but hope to get back soon for more.  To go to this park take Ogden Avenue (Rt. 34) West and turn Right (North) on Raymond.  The park is about a mile down on your right.
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