More homes were sold in the Chicago area last month than in any January since 2007, but prices continued to slide and additional declines are expected.

The Illinois Association of Realtors reported Wednesday that 4,447 homes were sold in January in the nine counties surrounding Chicago, up from 3,844 a year earlier, a 15.7 percent increase. However, the median price of $140,000 in January was down 11.4 percent from last January’s $158,000.

In terms of sales volume, Chicago had its best January showing since 2009. Sales rose 5.7 percent, to 1,093 homes sold, while the median price of $149,000 was a decline of 0.7 percent from last year’s $150,000.

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