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More on Time Adjustments

Discussion in 'The Watercooler' started by Pilgrum, Sep 4, 2009.

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  1. Pilgrum

    Pilgrum Senior Member

    53
    Mar 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Nevada
    Up until about 6 months ago I used a year over year comparison of comparable sales prices as a part of my determination of a "Time" adjustment factor. This seemed to be pretty accurate and a good indicator of what was happening in the market. And it avoided "Seasonality" issues.
    I then started to look at month over month and quarter over quarter data.
    The difference is that I am seeing a huge change in the adjustment factors with the month over month and quarter over quarter numbers being substantially lower than the year over year analyses. Some market areas actually show small price increases.
    I interpet this as a stabilization of the market.
    Is anyone else seeing this change?
    And are you concerned that this may be a "False" bottom?
     
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