New numbers released by the Illinois Association of REALTORS® point out that in April, the trend of increased prices for homes continued but tighter inventory locked home sales numbers down. Statewide home sales in April 2014 totaled 11,845 homes sold, down from 12,846 in April 2013. The number of houses on the market in April …
chicago housing market
July home prices across the nation continued to beat their monthly and year-ago comparisons but the rate of increase slowed, according to a widely watched barometer of the housing market.
The Chicago area led the nation in monthly gains, posting a 3.2 percent increase in prices in July, according to the S&P/Case-Shiller home price index, released Tuesday.
Chicago’s housing market continued to regain its footing in July, as sales rose heartily and a fast-moving market with insufficient inventory to fill demand led to a strong increase in prices.