News & trendsMarket conditions

Metro Chicago home prices continue to rise

by Joe Zekas on 6/4/14

CoreLogic‘s April Home Price Index reflects prices that have continued to rise, and CoreLogic is projecting that prices will rise nationally 6.3 percent (+/- 1.5 percent) from April 2014 to April 2015.

In Chicago-Naperville-Arlington Heights, home prices, including distressed sales, increased by 11.4 percent in April 2014 compared to April 2013. On a month-over-month basis, home prices, including distressed sales, increased by 2.9 percent in April 2014 compared to March 2014.

Excluding distressed sales, year-over-year prices increased by 10.0 percent in April 2014 compared to April 2013. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 1.9 percent in April 2014 compared to March 2014.

Illinois is one of the states in which home prices haven’t recovered to peak levels.

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