Real Estate Blog - The different home price index reports

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The different home price index reports - part three

In part one I discussed the S&P Case Shiller home price index and in part two I discussed the OFHEO (Office of Federal Housing Enterprise Oversight) home price index report. Today I am going to discuss the Radar Logic Daily Index. This report breaks down the price paid for homes by square footage. They use public source records to get this information. They update there report every day and do a 1 day, 7 day and 28 day report. They say that there lag is to be no more than 63 days after the property has gone to settlement. They track 25 Metropolitan Statistical Areas. Here is there latest report.

Publication Date:

03/07/2008

Transaction Date:

01/04/2008

RPX

Data presented "AS IS". Radar Logic does not make, and hereby expressly disclaims, any representation or warranty of any manner in connection with the information including, without limitation, with respect to its accuracy, completeness or fitness for any purpose.

MSA

¹MSA Code1-Day²7-Day³28-Day³

25 MSA Composite

$248.87

$243.78

$244.91

Boston, MA

$223.41

$201.20

$209.33

Chicago, IL

$191.60

$169.07

$169.58

Columbus, OH

$101.73

$91.52

$91.63

Detroit, MI

$89.91

$96.50

$99.35

Las Vegas, NV

$135.33

$139.57

$141.61

Miami, FL

$178.86

$173.94

$174.22

Minneapolis, MN

$146.42

$137.68

$144.31

Philadelphia, PA

$158.64

$148.81

$147.88

Sacramento, CA

$157.38

$156.93

$167.79

San Francisco, CA

$383.73

$389.74

$387.76

Seattle, WA

$207.46

$209.40

$215.91

Tampa, FL

$107.07

$118.85

$120.06

Manhattan Condo

$1,030.35

$1,100.55

$1,120.80

¹ Metropolitan Statistical Area

² 1-day Daily Price is based on transactions on the transaction date.

³ 7-day and 28-day Daily Prices are based on transactions over the time frame indicated, ending with and including the transaction date.

I like that they break it down to square footage paid for recent sales. Unfortunately the closest city to Cecil County is Philadelphia, so it does not tell me how the Cecil County real estate market or the Harford County real estate market is doing. Those Manhattan condo prices are pretty insane, huh? Glad I don't live there. My next post on this topic will be the Cecil County real estate market statistics report and the Harford County real estate market statistics report.

The different home price index reports - part three

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