Saturday, July 7, 2018

Atlanta Housing vs. Dallas Housing – Who Wins?

(Click on the image to enlarge)
After shooting up from $200K to $318K in mere four months, the Atlanta median has retraced more or less back to the point of origin, potentially leaving thousands under-water. Since August (#8), the trend has been sideways, remaining range-bound between $200K and $220K. Even the 2-Mo Moving Average is confirming the drastic fall.

After experiencing a rapid rise in home prices the Dallas market has been trending sideways, staying loosely range-bound between $320K and $340K, though proving the sideways quite volatile. The spike in Feb-2018 (#14) could be explained by the abrupt fall in Jan-2018 (#13). The Jan-2018 fall is being ignored by both trendlines, while the 2-Mo Mov Avg has been totally unresponsive to the V-recovery as well. 

The winner here is obviously the Dallas market which is consolidating, while Atlanta remains abysmally weak.

- Sid Som, MBA, MIM
President, Homequant, Inc.
homequant@gmail.com

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