Standard & Poor’s Case-Shiller Housing Index for the Chicago Metro Area for April was just released this morning. The April index of 122.30 remained essentially unchanged from the March index of 122.34. This is the smallest month to month drop in the index since it peaked in September 2006 at 168.60 and remained essentially unchanged the following month at 168.59.
This lack of change is certainly a positive indicator for the Chicago Metro Area market! Hopefully, we’ll continue to see a stabilization of home prices.
Since it’s peak the Case-Shiller index for the Chicago Metro Area has fallen 27.5%. Last year the index fell 14.3% with 9% of that in the second half of the year. Year to date the index has fallen 10.8%.
For more in-depth Chicago Metro Area housing market analysis, sign-up for my monthly email update, “Maximizing Equity”.
Similar Posts:
- Chicago Case-Shiller Index down 7.2% for 2009, half that of 2008
- Case-Shiller Index for Chicago ends 5 month rise
- Case-Shiller Index for Chicago Metro Area rises for 3rd month!
- Chicago Case-Shiller Index for March drops 2.3% for houses, 4.8% for condos
- Case-Shiller Housing Index for Chicago Metro Area Rises!
