Chicago Home Prices Continue Upward Trend
Posted by Leo Clark. on
Chicago home prices continue to climb. According to recently released figures, single-family home values in the Chicago area rose more than 12-percent in January of this year compared to a year earlier.
That makes the ninth straight month of double-digit increases in home prices and the longest string in about 30 years. The data from Case-Shiller goes back to the late 1980s, and since that time there’s never been this long of a string of double-digit price increases.
Even in late 2013 and early 2014, prices only rose by the double digits for seven consecutive months. During the housing boom of the early 2000s, prices hovered around a nine percent increase for 13 months. Only once during that time did it top 10-percent. Â
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