Home sales slump hits 9th month, longest in almost 8 years – Crain’s

The local sales slump is the longest in more than seven years. June 2011 was the last in a string of 13 months when city home sales were down, according to Illinois Realtors data. It was also the last of 12 months of declines for the metro area.

The Chicago area’s sales decline in April was slightly larger than the nation’s. Across the country, sales were down 4.4 percent in April from a year earlier, the National Association of Realtors reported separately today.