Housing Prices Fall Less in Chicago Than Other Top 10 Housing Markets

If you are seeing this post/graphic on a site that is not ChicagoMetroAreaRealEstate.com, it is being used without permission.According to Standard and Poor’s Case-Shiller Home Price Index, home prices have fallen the least in the Chicago metro area compared to the other top 10 housing markets. Year-over-year prices have fallen 0.7% for Chicago compared to a top 10 city average of 4.1%. San Diego has the highest decline of 7.4%. For the full article see CNNMoney.com’s “Home prices: No relief on horizon.

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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

Comments

  1. JKK says

    Fran – Does this match with your perception of the market? Do you think that there are unique circumstances in Chicago that help stem the national trend or is this merely a time lag, where the Chicago market is just slower in dropping compared to other markets?

  2. Fran Bailey says

    Hi JKK,

    The biggest reason prices have dropped less in the Chicago area is that they rose less in past years compared to the other top 10 cities. While the east and west coasts plus Las Vegas had explosive appreciation, our appreciation was good, but more moderate due to less speculation. I’ll take our less volatile market any day! :)

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