Chicago single-family home values reached a new post-bubble low in December, falling 7.4% throughout the year to values not seen since March 2002, according to today’s S&P / Case-Shiller Home Price Indices.
Homes are down more than 30% from their peak values, recorded in September 2006.
Chicago condo values fell 11.9% in 2010 and were down 27.2% from their peak in September 2007. Their December 2010 values were the lowest recorded since July 2001.
The chart above shows the last five years of Case-Shiller values for Chicago homes and condos alike.