S&P/Case-Shiller Chicago Home Price Indices

By
Real Estate Broker/Owner with Northern Illinois Real Estate

The Standard & Poor's/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.3% in December. It was the seventh consecutive monthly gain and follows a 0.2% increase in November.  However, the rate of return is still negivtive. 

  • Only three cities - Detroit, Las Vegas and Tampa - still showed double digit annual rates of decline as of the end of 2009.

  • 15 of the 20 metro areas showed a decline in December over November, with Chicago posting the sharpest decline, down 1.6%.

  • The annual rate for Chicago stood at -7.2%.

The Chicagoland area is still in a declining real estate market.  In fact, of the twenty cities in the index, Chicago had the largest drop in price from November to December (-1.6%).

 

 

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