Home Sales in Illinois, Chicago Post Massive Year-Over-Year Gains
Statewide home sales across Illinois—including single-family homes and condominiums—totaled 16,623 in April, up 35.3% from a year ago, Illinois Realtors said Friday. The year-over-year gains were even stronger in the Chicago metro area, with a 39.7% increase, and in Chicago, where April’s total was 59.6% above April 2020.
The statewide median price in April was $260,000, up 14.5% from April 2020. In the nine-county Chicago metro area, the Y-O-Y increase was 14.8%.
“Yes, we should celebrate April’s home sales exceeding expectations and being the strongest in years. That is a nice sign of buyer confidence heading into the summer,” said Sue Miller, president of Illinois Realtors. “But we still must address the lack of available housing of all kinds.”
Homes for sale totaled 24,749 statewide in April, a 48.7% Y-O-Y decline from April 2020, when there were 48,232 homes on the market.
- ◦Economy