The last Tuesday of every month marks the release of the eagerly-awaited Standard & Poor’s Case-Shiller Home Price Indices.
Chicago-area condominium prices for May 2010 rose 2.7% from April levels, but fell 6.2% since May 2009. Condo prices peaked in September of 2007 and are down 20.8% since that time.
These are the non-seasonally adjusted numbers.
Chicago-area single-family home prices were up 1.2% month over month and down 1.5% year over year. Single-family home prices reached their high in September of 2006 and are 27.7% off their peak.
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