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 (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 shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
