David M. Blitzer, Cha irman of the Index Committee at S&P Dow Jones Indices commented that "We are entering the seasonally weak part of the year. The headline figures, which are not seasonally adjusted, showed five cities with lower prices in September versus only one in August; in the seasonally adjusted data the pattern was reversed: one city fell in September versus two in August. Despite the seasons, housing continues to improve."
The question I have is whether it is infact the slowing growth is a seasonal factor or whether the market is "leveling out." In general I sense there is more activity in the South Florida real estate market now when compared with a few months ago. So, I tend to think the trend of the Case Shiller Index is indeed a seasonal issue. We will continue to monitor the trends in the national and South Florida markets.
Other markets of interest:
| Sep-12 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 157.26 | -0.60% | 1.90% |
| Chicago | 116.69 | -0.60% | -1.50% |
| Miami | 150.24 | 0.10% | 7.40% |
| Minneapolis | 126.02 | 1.10% | 8.80% |
| New York | 166.1 | -0.10% | -2.30% |
| Tampa | 134.9 | 0.00% | 5.90% |
| Composite 10 | 158.93 | 0.30% | 2.10% |
| Composite 20 | 146.22 | 0.30% | 3.00% |
| Source: | |||
| S&P Indices | |||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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