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Old 09-04-2009, 10:20 AM
Pilgrum's Avatar
Pilgrum Pilgrum is offline
 
Join Date: Mar 2005
State: Nevada
Professional Status: Certified Residential Appraiser
Posts: 2,875
Default More on Time Adjustments

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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