Comment: Those data points don’t mean much. Monthly changes in “average” selling prices are distorted by fluctuations in whether lower priced or higher priced homes are selling. Monthly transaction volume bounces around erratically and gets suppressed when inventory drops, which has been the case in better Chicago neighborhoods. The best approach is the Case-Shiller Index, which tracks changes in comparably priced homes. It has shown the Chicago metro area lagging behind national averages for some years, though the past couple months have been good.
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