Sunday, March 31, 2013

Lets hope it is a happy Easter for the everyone, and especially for the bears

At a MOI of nearly 7, we should see some price pressure. We should know in the next few days how March went for us.

Larry should have his averages out and I am hoping we won't see the shocker of last month, when a few very big sales skewed detached prices while attached and apartments drifted down.

I have completely lost faith in the various HPI brought out by the RE Boards, and I will looking to the median price for my next metric to watch.

If I had to guess...I would say a small drop in median price- say 1% or so and all 3 segments moving down in the averages.