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.
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.