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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