April 2019 Real Estate Market Report

May is here! Along with nonstop rain... Since we're all stuck inside, here is some reading material for you to help pass the time. April was a great month for the real estate market with prices, homes under contract, and new homes listed all up!

1. Price - The median sales price continues to climb, currently at $242,500 for the month of April - a 2.3% increase from last year!

2. Homes Under Contract - Buyers are finally starting to make offers and get homes under contract this spring - spiking up 1.4% in just this past month. This is partly due to the weather finally starting to warm up, but mostly due to the huge dip in interest rates witnessed recently. While this number is still down 2.3% from this time last year, it is definitely encouraging to see it start to reverse direction and move upwards!

3. New Listings - The spring market is in full swing - which means all those sellers waiting for the right time to sell have finally listed their homes. New homes for sale are up 5.5%! Which means more inventory for buyers to choose from!

For more detailed market numbers in your specific neighborhood or suburb, click the appropriate links below:

City Market Report

North Shore Market Report

North Suburbs Market Report

Western Suburbs Market Report

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