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Home sales, prices increase in county

US homes sales highest in more than 3 years

McHenry County home sales and home prices were up significantly in February.

Closed sales totaled 299 last month, up from 216 in February 2012, a 37 percent increase. Home prices were up 7.6 percent compared to a year ago, $136,800 vs. $127,190 in 2012.

The inventory of homes was down almost 1,000 – from 2,819 to 1,938 – while the number of days on market decreased from 121 days in February 2012 to 97 days in 2013.

According to the Illinois Association of Realtors, statewide home sales (including single-family homes and condominiums) in February 2013 totaled 8,213 homes sold, up from 7,067 in February 2012. Statewide sales have posted monthly year-over-year gains since July 2011.

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