chi-1452WFargoAveFrontViewSpring_LowRes (2) Homes in April sold in just 54 days on avergae, down from 61 in April 2017.

CHICAGO—The start of the spring selling season brought more homes to the market, but in numbers that are significantly below last spring’s relatively low amount. As a result, buyers were snapping up available homes faster than ever, and median prices continued to outpace the year before, according to Illinois REALTORS.

Statewide home sales in April 2018 totaled 14,478 homes sold, up 1.9% from 14,202 in April 2017. The statewide median price in April was $210,000, up 5.0% from April 2017, when the median price was $200,000.

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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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