More and more people are buying homes in the Chicagoland area, and now is a really good time to buy. And due to steady progress in the housing segment of our seven-county Chicago real estate market, home sales soared last month, DailyMarket.com reports.
To be precise, the number of homes sales have increased 18 percent from March of 2012 to March of 2013, the site pulled from a DailyMarket.com.
DailyMarket.com found that as of April 9, Chicago home sales reported for March totaled 7,793 units, up from 6,591 last year. That’s 1,202 more homes that were sold in Chicagoland from last March to now! The median prices did increase though, from $153,800 to $155,000 a year earlier.
The DailyMarket.com analysis also found that the amount of homes on the market are shrinking, which also gives housing a boost. In fact, there were 50 percent less homes for sale last March than there were this year. It’s easier for buyers to speed up their decision-making process when there are less options to choose from.
So the housing market is looking good, and many predict it is only going to get better. If you’re thinking about that home you always wanted in Chicagoland, buy now while the market is in good shape!