Chicago’s Case-Shiller Index for April is up 9.3% from April 2012. This is the largest increase from a year earlier since January 2006. It’s also the sixth consecutive month it’s been up compared to a year earlier.
It’s back to its June 2001 level. It rose 2.7% from March, the largest consecutive month rise since July of last year. 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.
WHAT THIS MEANS FOR BUYERS
The buyers market is over. You need to be ready to buy when you find a home you want. If you will be financing your purchase, get your mortgage pre-approval before you start touring homes. Email me for recommended mortgage consultants. If you’re paying cash, get a proof of funds letter from your accountant or banker ready to go. Email me to get started.
WHAT THIS MEANS FOR SELLERS
If your home is priced right when it goes on market, it should sell quickly. If you’re considering selling your home, get our free home valuation.
ABOUT THE CHICAGO CASE-SHILLER INDEX
The Chicago Case-Shiller Index is for the entire Chicago Metro Area. Markets do vary by location, price range and housing types. For more market statistics see my other Chicago Real Estate Market articles. For more information on the indices see S&P/Case-Shiller Home Price Indices.
Fran Bailey specializes in downtown Chicago, Lincoln Park and Lake View condos, co-op apartments and houses. She has shared home buying and selling advice since 2006 and written about over 130 Chicago high rises. To schedule showings for any listings, get a 
