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.