It’s Case-Shiller Tuesday, and the results are in for September home price trends.
The seasonally-adjusted index for metro-area Chicago single-family homes dipped .47% from the previous month and dropped year-over-year by 5.05%. This places the current index just below price levels prevailing in August of 2001.
The seasonally-adjusted condo index was essentially unchanged month-over-month, decreasing by .01% but fell year-over-year, by 7.72%. That index is now at April 2001 levels.
The single-family index reversed four consecutive months of price increases, while the condo index broke its string of five consecutive monthly price increases.
The not-seasonally-adjusted single-family index fell .76% month-over-month and fell 5.03% year-over-year. The condo index fell .31% month-over-month and 7.69% year-over-year.