Sales of existing single-family homes in Illinois rose 2.7% in May, according to the Illinois Association of Realtors.Statewide, 11,300 existing homes were sold in May compared with 11,003 in May 2002. The statewide median sales price rose 8.7% to $172,290 from $158,500 a year earlier, the IAR said. The association said May was the strongest on record since it began reporting statistics in 1990, and that "the current pace continues to amaze even the veteran sales agents." In the Chicago metropolitan statistical area, resales totaled 7,111 in May, up 2.6% from 6,934 a year earlier, and the median sales price was up 9.5%. The association can be found on the Web at http://www.illinoisrealtor.org.
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