Palatine Real Estate Update: Recovery is Happening Now

Sales of Chicago-area homes surged more than 31 percent last month, posting the strongest April since the boom.

The Illinois Association of Realtors said that 9,152 single-family homes and condominiums sold in the nine-county area last month, up 31.2 percent from 6,977 sales in April 2012. 

April marked 22 straight months of year-over-year sales gains as the local housing market continues its recovery. The month was the most active April since 10,401 sold in April 2006.**

In Palatine April of 2013 boasted a median sales price of $395,000 with 55 homes sold, where April of 2012 showed a median sales price of $389,000 with 28 single families sold. 

**The Realtors group's sales figures include new and existing homes. Its nine-county Chicago area consists of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties.
 

Holly Connors is a senior broker and founding member of @properties. For more information, Holly can be reached at 773.862.0200 or holly@atproperties.com. You can also visit her website at getburbed.com