Illinois home prices and sales volume up in February

RealtyTrac released its February 2014 U.S. Residential and Foreclosure Sales Reportearlier today. Here are some of the metrics for Illinois:

  • The number of homes sold in February rose 20.4% year-over-year. Illinois’ sales volume increase ranked 7th highest among the states.
  • The median sales price increased 14% year-over-year to $152,500. Illinois had the 8th highest increase in median sales price.
  • Institutional investors accounted for 5.2% of home sales in Illinois. Thirteen states, led by Georgia at 19.7%, had higher percentages.
  • Short sales were 9.8% of February home sales in Illinois, ranking it third in the nation.
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