It’s the last Tuesday of the month, a/k/a Case-Shiller Tuesday, and the results are in for December home price trends.
The seasonally-adjusted index for metro-area Chicago single-family homes dropped 1.13% from the previous month and dropped year-over-year by 6.41%. This places the current index just below price levels prevailing in February of 2001.
The seasonally-adjusted condo index also fell month-over-month, decreasing by 3.42% and fell year-over-year, by 12.24%. That index is now just below March of 2000 levels.
The single-family and condo index prices declined for the fourth straight month, following several months of price increases.
The not-seasonally-adjusted single-family index fell 1.97% month-over-month and 6.47% year-over-year. The condo index fell 4.83% month-over-month and 12.27% year-over-year.
There. You have it – the latest months’ old data.