The Altos Research January 2010 Real-Time National Housing Report is now available for download. Some highlights from this month’s report:
- The Altos Research 10-City Composite Price was down by 1.0% in December and 1.4% during the fourth quarter of 2009. For the full year 2009, the Composite Price Index showed an increase of 5.2%.
- The Composite effectively bottomed out in January 2009 at $470,017, climbed throughout the first half of the year to $509,030 in July before returning to a gradual downward trend and ended at $494,426 in December. Prices are likely to continue showing modest declines throughout the seasonally weak winter months of 2010.
- Listed property inventory declined in 24 of 26 markets tracked. The inventory declines were largest in Boston and the California markets of Los Angeles, San Francisco and San Jose.
If you’re a new reader to “How’s the Market?”, our monthly real-time housing reports provide metro-level analysis of the 25 metropolitan statistical areas that compose the S&P/Case-Shiller Home Price Index and Radar Logic 25-City index. Our real estate market data and trends typically lead these national indices by 3-4 months. Additional information about our Data & Market Analytics Platform and data subscription services is available here on our company website.
Here’s a look at the Altos 10-City Composite trends since 2008: