- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

[Altos Research/Real IQ] November 2009: Listing Prices Down In 25 of 26 markets

Altos Research [1] and Real IQ [2] released their Real-Time Housing Market Update [3] report which provides a monthly snapshot of the 10-City Composite Index. It is along the same lines (no pun intended) as the S&P/Case Shiller index to which they state their index is closely correlated to. The report summarizes metrics associated with active residential property listings to present the only real-time view of the housing market.

Michael Simonsen [4], the CEO & Co-Founder Altos Research has been a guest on my podcast and I hold both he and his firm in high regard.

In November, both listing prices and listing inventory generally declined.

Some of the key findings [3]:

The report suggests weak price trends over the winter, similar to the warnings shared by Case-Shiller and NAR.

Note: This was my first blog post done at 34,000 feet [5].