Illinois home prices rose again in July, marking nearly two years of annual gains. Home sales dipped as tight credit standards and lower, but improving inventory levels continue to affect the market, according to the Illinois Association of REALTORS®. Statewide home sales, including single-family homes and condominiums, in July 2014 totaled 15,390 homes sold, down 6.5 percent from 16,465 in July 2013. The statewide median price in July was $179,000, up 7.2 percent from July 2013 when the median price was $167,000. The median is a typical market price where half the homes sold for more and half sold for less. The average time it takes to sell a home continues to decline. In July, it took 65 days on average to sell a home in the state, down 9.7 percent from 72 days last year. That number is 160 days in Washington County, slower than the average of 150 days last July, while it is averaging 149 days for the year to date. 33 of 102 counties in Illinois showed annual home sales increases in July 2014. This was the case in Washington County, as there were 7 homes sold in July and only 6 last July, but there were 8 homes sold this June. At this time last year a total of 39 homes were sold in Washington County, while it is at 44 this past month. Also, there were 56 counties showed year-over-year median price increases. This did include Washington County, as it was $67,500 last July and it is $83,000 this July. The average for the year to date though is at $73,000.