According to the calendar, it will be May 1 on Sunday…
Remember, the Case-Shiller is a 3-month rolling average, so the Spring 2011 market isn’t captured yet using this repeat-sales index.
The active market tells a different story through this week:
- The Price of New Listings (black line) bottomed in February, moving higher since – affecting Market Ask Prices (orange line) by mid-March.
- Housing starts were higher in March.
- Market prices have been resilient to increasing inventory.
Comments and scathing criticisms welcome.