chi-mchenry (4) In April, buyers in McHenry County drove up prices 4.6%.

CHICAGO—One of the coldest Aprils in the region’s recorded history did not stop the housing market from heating up a bit. Home sales in the seven-county metropolitan Chicago grew 3.2% over April 2017, according to a RE/MAX analysis, and that follows declines of -6.4% in the first quarter of this year and -8.7% in March alone. Low inventory remains a concern, but company officials say they see at least a little light at the end of that tunnel.

Home sales for the metro area totaled 10,404 units in April, up from 10,078 a year earlier, RE/MAX says. It was the highest level of April sales recorded since 2006. The median sales price gained 2.9% to $252,000, and the average time a home sold in April spent on the market before going under contract declined to 80 days from 90 in April 2017.

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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.

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