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April home sales soar, prices stabilize

April sales of existing homes and condominiums in the Chicago area rose dramatically from their year-ago pace, and home prices showed some stability last month as well.

In the nine-county Chicago area, sales last month rose 19.3 percent from a year ago, to 6,814 homes sold and the median price of $160,000 was down 1.5 percent from last year’s $162,500, the Illinois Association of Realtors reported Tuesday.

Read more at the Chicago Tribune.

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