Parcl Labs Predicts Case Shiller Index for December in Denver

Parcl Labs Predicts Case Shiller Index for December in Denver

Real Estate Analytics

Parcl Labs, a provider of real estate analytics, has predicted the Case Shiller Index for December in Denver. Their prediction indicates a decrease in the housing market compared to November, which has been in a continuous downward trend since December 2022.

Housing Market in Denver

Case Shiller December Predictions

The Case Shiller Index, a widely recognized metric of the housing market, is based on repeated sales methodology of single-family residences only. Its report is two months lagged and releases on a monthly basis. Parcl Labs has predicted the Case Shiller Index for December in Denver to be 298.6, which is down compared to November's recorded value of 307.41.

Housing Market Growth

Despite the decrease in the Case Shiller Index, the Denver housing market has seen a decrease since December, with a -0.35% decrease. It is important to note that the Case Shiller Index only evaluates single-family residences and does not reflect the entire housing market's current state. Over the last 12 months, 22.76% of real estate sales in Denver were condos or townhomes, which are not factored into the Case Shiller Index.

Market Correction

From the 2022 peak, the Denver housing market has seen a -11.13% decrease, indicating a market correction.

All Case Shiller 10 Markets

A report of the findings from Decembers predictions for all Case Shiller 10 markets, which includes:

• Boston Housing Market
• Chicago Housing Market
• Denver Housing Market
• Las Vegas Housing Market
• Los Angeles Housing Market
• Miami Housing Market
• New York Housing Market
• San Diego Housing Market
• San Francisco Housing Market
• Washington, DC Housing Market

Can be found at Market Update: Predicting Case Shiller Numbers for December

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FAQ

What is the Case Shiller Index?

The Case Shiller Index is a repeated sales methodology that evaluates the housing market's state based on single-family residences only. Its report is two months lagged and releases on a monthly basis.

What does the Case Shiller Index for December indicate for Denver?

The predicted Case Shiller Index value for December in Denver is 298.6, which is a decrease compared to November's recorded value of 307.41.

What is a market correction?

A market correction is when the housing market has seen a decrease from its peak value.

Conclusion:

In conclusion, the Denver housing market has seen a decrease in the Case Shiller Index for December, as predicted by Parcl Labs. The Case Shiller Index, while a valuable metric, only evaluates single-family residences and does not reflect the entire housing market's current state. It is important to note that the Denver housing market has seen a decrease since December, with a -0.35% decrease, and that condos and townhomes are not factored into the Case Shiller Index.

While Parcl Labs' real estate analytics offer valuable insights into the current state of the housing market, it is important to use this information in conjunction with other economic indicators and expert advice when making financial decisions. The market correction indicates a necessary adjustment in the market, and it is essential to keep an eye on how the Denver housing market will evolve in the coming months.