Moody’s Commercial Price Index Dips 5.5%
Tuesday, March 24, 2009
Source: GlobeSt
GlobeSt reports: The biggest one-month drop in the eight-year history of the Moody’s/REAL National All Property Type Aggregate Index was recorded during January, Moody’s and Real Estate Analytics LLC reported on Monday. The monthly decrease of 5.5%, compared to a 2.2% drop registered for December 2008, puts the index back at levels last seen in spring 2005.
REAL began compiling the monthly index, which is derived from Real Capital Analytics transaction data, in December 2000. That month’s index of 100 has served as the baseline for monthly increases or decreases. The index rose steadily until October ’07 and began declining each month thereafter except for February and September ’08.
Get the Moody's/REAL index here
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Posted by: Nina Turner