Is Spring springing? March ’11 Real-time housing report

March 4, 2011

by Scott Sambucci

4 comments

This big highlight from our March 2011 Real-time Housing Market Report (available for download here):

While the headline pricing metric 90-day rolling average still shows monthly declines, week-over-week data are beginning to show signs of improvement, indicating a good start to what is, typically, the strongest sales period of the calendar year.

Here’s what we mean —

Black line represents 7-day (weekly observations), while the orange line represents the 90-day rolling average

(And as an aside, active supply is up ever so slightly on a year-over-year basis):

Year-over-year active housing supply: 7-day rolling average (weekly observations)

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