As you know, I don’t sugar coat the real estate news so here it is. The housing market in Chicago is still on the decline. We’ve had a couple of different statistics released in the last 2 days that show that both home prices and sales volumes are continuing to decline.

• The Case Shiller index for December came out yesterday
  • Home prices are back to December 2003 levels
  • Prices are down 14.3% in the last year
  • Prices are down 18.6% from the peak
• The Illinois Association of Realtors released their sales statistics for January and it shows that home sales are down 24.4% from 2008, which was down from 2007, which was down from 2006.

You can always find these and other statistics along with charts on our Chicago Real Estate Statistics page.

Tags: Chicago home prices, Chicago housing market, Chicago housing prices, Chicago real estate market

This entry was posted on Wednesday, February 25th, 2009 at 3:13 pm by Gary Lucido and is filed under Market Insights. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.