Chicago Case-Shiller Index shows its spring rise in April

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

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.

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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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