It’s Case-Shiller Tuesday, and the results are in for August home price trends.
The seasonally-adjusted index for metro-area Chicago single-family homes rose .4% from the previous month and dropped year-over-year by 5.89%. This places the current index just below price levels prevailing in September of 2001.
The seasonally-adjusted condo index increased month-over-month, by .47% but fell sharply year-over-year, by 12.5%. That index is now at April 2001 levels.
The single-family index increased for the fourth consecutive month, while the condo index showed its fifth consecutive month of price increases.
The not-seasonally-adjusted single-family index rose 1.38% month-over-month and fell 5.76% year-over-year. The condo index rose .59% month-over-month and declined 9.63% year-over-year.