Chicago’s Case-Shiller Index for April rose 1.1% from March. While the rise is a welcome change from the 7 previous months of decreases, it was to be expected given the previous pattern of the index.
During the past 3 years the index has been falling, but has always managed to rise for a few months starting in April or May. Housing prices typically rise in the Chicago area during the spring market.
The index is down 5.6% from April 2011. It’s back to its May 2000 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 April 2011 - April 2012
The Chicago Case-Shiller Condominium Index for April rose 0.7% from March. It too typically rises in the spring. The condo index is down 6.5% from April 2011. It’s back to its October 1999 level.
For more market statistics see Chicago Real Estate Market.
Recommend this on Google
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 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
