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”.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
