Chicago’s Case-Shiller Index seasonally adjusted for November 2009 fell 0.8% from October, falling for the second month in a row after the housing index rose for 5 straight months last year. The drop was less than the drop from September to October which was 1%.
Case-Shiller Indices for Chicago - November 2008 to November 2009
The index is down 6.5% for 2009 and 8.5% from a year earlier. The index is based on resales of houses in the Chicago Metro Area. It is published with a 2 month lag.
The percentage drop for the Chicago Case-Shiller Condominium Index from October to November was double that for houses, dropping 1.6%. It had risen from September to October a revised 0.5%. The condo index is down 7.6% since the start of the year and down 9.0% from November 2008.
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
