The sale of newly built homes in Chicago has slumped in recent years but this trend is beginning to reverse, according to Crain’s Chicago Business. Builders sold 1,247 new homes in the first quarter of 2017, a 20.3 percent increase when compared to the first quarter of 2016.

This three-month period marks the fourth quarter in a row with rising sales of new homes in the city. Prior to this uptick, new home sales decreased for seven of nine quarters. The first quarter of this year marks the second highest number for new home sales since the 2008 housing market crash. 

Chicago’s new home sales are outpacing the national trend. Nationally, they were up 11.9 percent in the first quarter of this year, compared to Chicago’s 20.3 percent increase.

Historically, new homes have been outsold by existing homes because of the price gap. Homes that have already been lived in are less expensive than a newly constructed home. This is particularly true of the city when compared to the suburbs. The median price of a new home within the city limits of Chicago is $1.37 million while the median price of a new home in the suburbs is $351,840, according to the Crain’s report.

The price difference between new homes in the city and suburbs is reflected in their sales. While new-home sales in the city did increase, new homes in the suburbs experienced an even bigger bump in sales, 22.4 percent.