Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—The state’s residential housing market continues to accelerate and just posted its best April performance since 2007, according to new data released yesterday by the Illinois Association of REALTORS®. The trade group said that a total of 12,621 homes were sold in April, an increase of 25.3 percent over the previous April. A total of 10,992 homes were sold in March. Furthermore, the median price for homes was $145,900, up 7.7 percent from the previous April. 

In addition, the data show that the inventory of homes for sale in April was 62,503 units, a 30.6 percent drop compared to last year’s 90,041 units. And owners were able to sell their homes in an average of only 89 days, down 19.8 percent from the 111 days it took last April.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.