Home sales in Illinois rose 25.3% year-over-year in April, while median prices increased 7.7%, according to the Illinois Association of Realtors.
Home sales in the state totaled 12,621 in April, up from 10,076 in April 2012. This marked the best April performance since 2007.
The median price in Illinois was $145,900 in April, up 7.7% from April 2012 when the median price was $135,500.
“The spring numbers are very encouraging, especially as we see substantial tightening of the numbers of homes on the market,” said Michael D. Oldenettel, president of IAR.
He added, “While prices are inching up slightly due to strong demand, the interest rates continue to be a powerful lure for those who want to own a home and the spring housing market looks to be a strong one.”
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