Sales of existing homes in Illinois were down in December, but up overall in 2016.
The trade group Illinois Realtors reports that $162,380 houses and condos were sold in the state last year. That’s up nearly 4-percent from 2015. But home sales for the month of December were down 2.8-percent year-to-year.
The statewide median home price was up 6.4-percent in 2016, at $184,000. Economic analyst Geoffrey Hewings with the University of Illinois says a lack of inventory kept home sales from going even higher.