Here is the market update for the Chicago area.  Note that this is neither neighborhood or sub-neighborhood specific, nor does it encompase all properties.  Please consult a local real estate professional for a more accurate analysis.

In comparison value to date from 2007 we have a drop of 8.5% for Single Family Homes, Condos, no change, and in Multi-Family dwellings a decrease of 13%.

Here we have a decrease in value of Single Family Homes by 12.5%, Condos increased in value 17% and Multi-Family dropped by approximately 15%.

Partial data is courtesy of the Chicago Association of Realtors.