Chicago Home Sales, Prices Jumped in March

Chicago Real EstateThe Chicago and Illinois housing markets got a vital shot in the arm on Thursday, as March figures revealed existing home sales shot up significantly. Median prices also stabilized, ending a long streak of declines.

As WBBM Newsradio’s Regine Schlesinger reports, the head of the Illinois Association of Realtors says the latest figures suggest the housing market has turned the corner in Chicago and across the state.

“I haven’t seen the real estate business this busy since five years ago, when we started going down,” said association president Loretta Alonzo, a real estate agent in LaGrange Park.

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