CHICAGO—April home sales in the Chicago region topped 10,000 units for the second consecutive year, and home values continued to climb, according to data analyzed by RE/MAX. Although sales were slightly off from last April, home prices jumped, largely due to the restricted inventory.
According to RE/MAX, home sales for the month were 0.5% lower than during the same month last year, totaling 10,078 units. The median sales price climbed 6.3% to $245,000.
“It's definitely a sellers' market,” Chris Calomino, marketing communications manager, tells GlobeSt.com. “Some homes are even selling for more than the asking price.” And as RE/MAX doesn't believe the market will experience “any uptick in the inventory over the course of the selling season, we don't foresee any major changes.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
