Illinois home sales in April increased 15.7% from year-ago levels while median prices held steady for the second month in a row, the Illinois Association of Realtors said Tuesday.

Illinois home sales in April hit 9,961 completed closings, up 15.7% from 8,606 a year earlier, making it the state’s best sales performance in two years.

The median price for a home statewide hit $135,000, which is in line with year ago levels. However, compared to March, the median price is up by $5,000 from $130,000 a month earlier.

“The fact that median prices remain steady and sales continue to outpace previous-year levels is a positive sign for the housing market,” said Loretta Alonzo, president of the Illinois Association of Realtors. “Despite the month-to-month increases in median prices, it’s clear that there still are very attractive deals out there.”

The average monthly mortgage rate for a 30-year, FRM in the North Central region of Illinois hit 3.89% in April, down from 3.99% the previous month and 4.87% last April.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please