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:
The Altos 10-City Composite is a leading indicator of the S&P/Case-Shiller HPI
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Things are looking good for buyers.
The real estate market in the nashville tennessee area started stabilizing late last year and is now is showing upward trends
There are some great deals on foreclosed homes these days if you know where to look. You will be amazed just how cheap you can find a home for in some area’s. In most cases it can be cheaper then renting.
I am very late to reply here, but there is some point I want to add . The market is rapidly shifting and the inventory is drying up.So there will be no doubt about it that All the people who have been waiting on the fence for the right time to buy are all jumping into the market at the same time.
It is great to hear many other markets are also leveling off as it seems that we are as well. However we have yet to see prices begin to up swing. Some local builders have attempted to raise their prices but none have really done so successfully. However there are much few price reductions now.
I'm back to get my data graphing fix, Scott! It's been coooold and so snowy here in Minneapolis since Dec 1st, and I can't help but to believe that this is contributing to our 3rd rank in steepest seasonal declines. Ouch! And my back is hurting me from having to shovel so much snow. A guy can't win here in Minneapolis right now!
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