Chicago-area home sales fall 22% in April

The 22.1% year-over-year drop in Chicago-area sales in April was the smallest so far this year. In the nine-county Chicago region, 4,745 single-family homes and condominiums were sold in April, compared with 6,094 sales in April 2008. April sales were up 11.4% compared with March. In the city of Chicago, April sales fell 26.9%, to 1,378 compared with 1,886 in April 2008. Sales rose 16.7% compared with March.