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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