Bleak November Chicago housing numbers from CoreLogic

The CoreLogic Market Pulse report for November (PDF) just became available and the Chicago numbers aren’t pretty.

For the Chicago-Joliet-Naperville metro area, CoreLogic reports 4,604 November sales, a year-over-year increase of 1.4%. Distressed sales accounted for 35.6% of the market, with 641 short sales and 998 REO sales. Prices fell 2.5% month-over-month and 10.5% year-over-year.

According to CoreLogic, 10.6% of mortgage loans were 90 or more days delinquent, and 24.9% of homes with mortgages had negative equity.

There were 4,769 pre-foreclosure filings during November and 1,403 auction filings. Of the top 25 Core Based Statistical Areas, Chicago- Joliet-Naperville had the highest months’ supply of distressed homes, 28.5.

The full report contains a wealth of statistical and analytical information at the local, state and national level. Download it if you’re interested.

Related posts:

1. Chicago metro-area foreclosure rate rises in June
2. November sales stats a sign of market stability?
3. New residential construction up sharply in November
4. November new home sales up sharply in Midwest
5. Yo, by the numbers

Tagged as: CoreLogic Market Pulse, Foreclosures, Market conditions, REO, Short sales