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Seeing the forest and the trees in real estate, look at more than 12 months of data

Seeing the forest and the trees in real estate

Sourced through Scoop.it from: sacramentoappraisalblog.com

Seeing the forest and the trees in real estate by Ryan Lundquist.  Look at more than 12 months of data

My comment: Great Point, Ryan! 
Yesterday, I was completing a SMART Appraiser history graph of median sales price showing +7.8% gain over the past 12 months for sub-market. But, I knew better in this particular market, looked at an 18 month chart of same and saw where even with the +7.8% increase of recent, this market was still down 18.9%. It would have been mistake to apply a time or market adjustment for increasing prices when this market is still so battered from correction. A historical perspective points out the obvious, ugly or positive.

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