Case-Shiller Tuesday, take 2: Chicago home values dip again

Standard & Poor’s simply couldn’t take the strain of a million real estate junkies flooding its Web site last Tuesday. We were all searching for the January ’10 Case-Shiller Home Price Indices and almost broke the whole darn thing.

S&P eventually pulled the data from its site and instead distributed it by e-mail — I actually received my Case-Shiller spreadsheets later that afternoon, but until today I hadn’t taken the time to look it over. Now that I have, I’m going to pretend that this is Case-Shiller Tuesday.

The short story: Prices dropped once again, and condos dropped at larger rates than total homes on a monthly, quarterly, and yearly basis. Seasonally adjusted declines (shown in parentheses below) weren’t quite as bad, but they were still in the red.

Overall home values

  • Month-to-month: -1.7% (-0.8%)
  • Quarter-on-quarter: -4.3% (-2.2%)
  • Year-over-year: -4.4%

Condo values only

  • Month-to-month: -3.3% (-2.3%)
  • Quarter-on-quarter: -6.7% (-5.0%)
  • Year-over-year: -9.5%
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