Monday, July 16, 2007

March-April-May Market wrap

I'm back from a too long hiatus, and just wanted to post updated SFH and Condo prices published by MAR for March, April and May.

Reading the media and blog coverage of these data releases, I couldn't help but notice a growing move toward balancing MAR numbers with those from the Warren Group and others. Below, I've plotted the YOY change in SFH prices over the last 15 months from both MAR and the Warren Group. For comparison, I've also plotted the S&P Case-Schiller HPI for the Boston MSA, which differs from the others in that it reports prices from repeat transactions, in a smaller geographical area.

Clearly MAR numbers have trended toward less severe price declines than those from the Warren Group (I couldn't track down Sept 06 data). The difference was particularly pronounced in May (+0.65% vs -4.6%). One likely explanation for the trend: sellers at lower price points are increasingly selling without a realtor, hence some lower price transactions captured by the Warren Group are missed by the MAR.


Ravi said...

Welcome back!

Good to see these updated charts. :-)

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