Despite frigid temperatures and a shortage of homes on the market, home sales in the seven-county metropolitan Chicago were up in April, the Daily Herald reports.
After a 6.4% decline in the first quarter and an 8.7% drop in March alone, home sale were up 3.2% in April compared to April 2017, according to a RE/MAX analysis.
Home sales for the metro area totaled 10,404 in April, up from 10,078 a year earlier. 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.
Total April home sales were up in all seven metro counties, as well as in Chicago. Sales rose 3.2% in Cook, 5.1% in DuPage, 6% in Kane, 1.3% in Kendall, 0.8% in Lake, 4.6% in McHenry and 0.8% in Will. Chicago sales gained 2.1%.
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