This week Zillow released their 2nd Quarter Home Value Reports, detailing what is happening with home values around the country and in the Chicago metro. When you look at greater Chicagoland, overall homes experienced a 7.3% year over year decline in value. The up side to this is that if you have owned your home for more than 5 years, overall we are still up 2.3% (which is a lot better than what other US metros can say). Metro Area Home Value Performance Home Type Current Zillow Home Value Index Year Over Year Change 5-Year Annualized Change All Homes $244,353 -7.3% 2.3% Single Family $252,917 -7.6% 2.6% Condo/Coop $214,283 -5.2% 2.0% Bottom Tier $158,051 -4.9% 3.2% Middle Tier $241,691 -7.2% 2.1% Top Tier $402,873 -7.1% 2.1% Here are some of the biggest gains and losses in the area:...
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