Case-Shiller Index for Chicago falls 2.2% in February, condos down 3.1%

Chicago’s Case-Shiller Index for February fell 2.2% from January. The index is down 7.6% from February 2010. The housing index is back to its June 2001 level. The index is based on resales of houses in the Chicago Metro Area. It’s published with a 2 month lag.

Chicago's Case-Shiller Indices February 2010 to February 2011

Chicago's Case-Shiller Indices February 2010 to February 2011

The Chicago Case-Shiller Condominium Index for February dropped 3.1% from January. The condo index is down 13.8% from February 2010. The drop from a year earlier is the second largest since the index started. The largest drop was in January when the index was down 13.9% from a year earlier. The condo index is back to its July 2000 level.

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More

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