It’s Case-Shiller Tuesday, and the results are in for July home price trends.
The seasonally-adjusted index for metro-area Chicago single-family homes rose .2% from the previous month and dropped year-over-year by 7%. This places the current index just below price levels prevailing in September of 2001.
The seasonally-adjusted condo index increased month-over-month, by .9% but fell sharply year-over-year, by 12.5%. That index is now at April 2001 levels.
The single-family index increased for the third consecutive month, while the condo index rose for the fourth consecutive month.
The not-seasonally adjusted numbers showed larger month-over-month gains and smaller year-over-year declines.