River Vale monthly data shows a significant decline in volume over the past year. However, the volume has stayed above the lows. The case can be made that with a little bit of time, the market will put in a reverse head and shoulders bottom. A break out this spring could confirm the trend change.
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Richard I hope your prediction for the River Vale market come true my friend!
I like how your 12 month average line stays fairly steady!
I am in Raleigh, NC and I spoke with a builder from NY earlier that i work for here and he said that it was common for real estate there to cycle every 4 to 5 years. He stated it was a regular roller coaster regardless of the national economy. We are more like every 9 to 10 years... What is you market like in a normal economy?
Bill: As prices have declined we are getting back into the sweat spot for buyers. There are certain ranges that are lacking in the new market.
Renee: I hope that is what is called flat saucer bottom.
Jason: Two 5 year cycles sit in a 10 year and a ten year in a 20 year cycle, and three 20 years in a 60 year. Well, something like that. It is up to where each one sits inside the other that causes the dominents.
Richard