December 2009: Real-Time Housing Market Update

December 8, 2009

by Scott Sambucci

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Highlights from the December 2009 Altos Research Real-time Housing Market Update that’s now available:

  • The Altos Research 10-City Composite Price was down by 0.4% in November and 0.8% during the most recent three-month period.
  • Asking prices increased in just one of 26 markets – Miami. The previously strong California markets all showed price declines during November.
  • Listed property inventory declined in 22 of 26 markets tracked. The inventory declines were largest in Boston and the Bay Area markets of San Francisco and San Jose.

The complete report is  available for download by clicking here and filling out the registration form. (It’s free and it’ll take about 10 seconds to register.)

The Altos Research 10-City Composite Price was down by 0.4% in November and 0.8% during the most recent three-month period.
Asking prices increased in just one of 26 markets – Miami. The previously strong California markets all showed price declines during November.
Listed property inventory declined in 22 of 26 markets tracked. The inventory declines were largest in Boston and the Bay Area markets of San Francisco and San Jose

Each monthly report provides an analysis of the metro markets included in the S&P Case-Shiller Home Price Index and the Radar Logic Home Price Index with a look at current housing pricings, housing inventory, and days-on-market.

(And here’s a little sales pitch because, well, the report is free and this is our blog… The data provided in the report is the “tip of the iceberg” when it comes to the real estate market data available from us here at Altos Research, but we think it’s important to provide some insight as to where the real estate market is headed before these lagging market indicators release their monthly values.)

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