It’s Case-Shiller Tuesday, and the results are in for June home price trends.
The not-seasonally adjusted index for metro-area Chicago single-family homes rose 3.2% from the previous month and dropped year-over-year by 7.44%. This places the current index just below price levels prevailing in August of 2001.
The condo index increased month-over-month, by 4.29% but fell sharply year-over-year, by 13.43%. That index remains just below May 2001 levels.
The seasonally-adjusted numbers showed similar year-over-year declines, falling 7.49% for single-family homes and 13.54% for condos. The month-over-month increase was 1.32% for single-families, while condos rose 2.87%.
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