The Institute for Housing Studies’ fourth quarter price index includes price trends in 33 Cook County submarkets. While 4 markets, including the Loop and surrounding areas, have seen strong growth since 2000, areas outside downtown continue to struggle. 20 submarkets have average prices below their 2000 levels.
Large multifamily rental properties saw price declines in the third and fourth quarters of 2012, but prices at the end of 2012 were still two percent higher than they were at the end of 2011. Read the full report at housingstudies.org.