Chicago Case-Shiller Index rises 4.5% in May!

Chicago’s Case-Shiller Index for May rose 4.5% from April. The increase from March to April was 1.1%

The index is down 3.0% from May 2011. It’s back to its February 2001 level. The Case-Shiller Index for Chicago is based on resales of houses in the Chicago Metro Area. It’s published with a 2 month lag.

Chicago Case-Shiller Indices May 2011 - May 2012

Chicago Case-Shiller Indices May 2011 - May 2012 (houses in blue, condos in red)

The Chicago Case-Shiller Condominium Index for May rose 4.7% from April. It rose 0.7% from March to April. The condo index is down 5.1% from May 2011. It’s back to its March 2000 level.

Of the 20 metropolitan areas tracked for the Case-Shiller Index Chicago had the highest increase for May.

For more market statistics see Chicago Real Estate Market.

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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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