I agree with @Kula. The average price of the houses they reviewed dropped from 20.4M to 19.9M. A real bargain,huh? Would be good for buyers if this becomes a trend though.

It is very important to put matters in perspective. Whilst I am not privy to this index by Hass Consult,ideally,such indices seek to perform two main functions.One,to inform the investing public(Property developers et al) and two,to inform the consumers,of the short term trends in the market. Having said that,let me hasten to point out that market sentiment in the said segment is supportive of this.This has been an area of slow growth.This loosely interpreted means a drop in prices.Note that price and value of property are two different entities,even though related.It would be interesting to see this report.

Patience Pays in Guaranteed Checks

That drop is significant for 3 months.....it translate to an annualised fall of 8.8%...this is is quite significant ...isnt it?.....the property bubble will surely burst .....that's inevitable....but good for us .... who dont own an acre...

What really explains an 100% increase in the price of land in less than a year?..pure speculation ....monkey business ...where the buyers of the monkey are left clinging to the monkey when the monkey merchant is long gone......after making his /her cut



Rules of the game here: Before you post anything think.give facts only..It's a serious blog for serious people....Do not insult your brother....respect one another...Just be good.... It's good to live a honest life....life without guilt.... Jeremiah 17:11 As a partridge that hatches eggs which it has not laid,So is he who makes a fortune,but unjustly; In the midst of his days it will forsake him,And in the end he will be a fool.' From the SK Anti-hate/anti- corruption campaigner..

I suspect this index was created to slow the decline by encouraging sellers not to panic and reassure buyers that there are still people paying super high prices. I am not sure how much faith one can put in it.