Illinois home resales and prices increased in July, according to the Illinois Association of Realtors.The median cost of an existing single-family home rose 8.1% to $181,900 from $168,300 in July 2002, the group reported. Resales for July totaled 12,492, up 5.2% from a year earlier. Sales were most heavily concentrated in the Chicagoland primary metropolitan statistical area, where 8,000 homes were sold. Chicago resales were up 4.4% from the 7,663 homes that changed hands there last July, the IAR said.
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