Home Price Sales Pair Counts for Chicago, Illinois
CHXRPSNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,208.00
Year-over-Year Change
-4.34%
Date Range
1/1/1987 - 5/1/2025
Summary
The Home Price Sales Pair Counts for Chicago, Illinois tracks the number of home sales and price pairs recorded in the Chicago metropolitan area. This metric provides insights into the local housing market activity and can inform real estate and policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total number of transactions where both a home sale price and the corresponding home sale were recorded in the Chicago, IL metro area. It is a key indicator of housing market trends and can be used to analyze real estate activity, inventory, and pricing dynamics.
Methodology
The data is collected through surveys of real estate agents and public records by the U.S. Federal Reserve.
Historical Context
Policymakers and economists closely monitor this metric to assess the health of the Chicago housing market and its broader economic implications.
Key Facts
- The series started in January 1996.
- Chicago home sales pairs peaked in 2005 at over 5,000 per month.
- Sales pair counts declined sharply during the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Home Price Sales Pair Counts for Chicago, Illinois tracks the number of home sales and price pairs recorded in the Chicago metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the local housing market activity and can inform real estate and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate agents and public records by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of the Chicago housing market and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Home Price Sales Pair Counts for Chicago, Illinois (CHXRPSNSA), retrieved from FRED.