Illinois Housing Market Swings into Spring

CHICAGO—The strong start to Illinois’ spring housing market continued in April with gains in year-over-year home sales and median home prices, according to the Illinois Association of REALTORS®. The trade association found that statewide home sales in April totaled 12,822, up 6.6% from April 2014 when 12,032 homes sold. And the statewide median price rose to $170,000, a 9.7% gain over April 2014′s statewide median of $155,000.

Using a slightly different methodology, RE/MAX recently reported that 9,037 units in the seven-county metro area were sold last month, 7.5% more than in April 2014. Furthermore, the firm found that the median home sales price in this region was $210,000, an 11% boost over the prior April.