In another sign of health for the housing market, cash sales as a percentage of total sales declined in April over the previous year both nationally and in Chicago.
Pre-crash, the average number of cash sales was around 25 percent. That's a benchmark analysts have been watching the market to return to before declaring full normalcy.
In Chicago, cash sales in April stood at 33.4 percent, down from 37.2 percent in 2014.
Nationally, the number tracks well with Chicago, to 33.7 percent down from 37.4 percent. Analysts with CoreLogic expect that the number to reach 25 percent by mid-2017.
For more, head over to Chicago Agent Magazine here.