Moody’s Commercial Property Price Index Falls Again

Moody’s/REAL CPPI is down again. For the month of October, the index dropped another 1.5% from the previous month’s levels. Prices are now the lowest they’ve been since August 2002 according to the index. Prices are down 36% year-over-year, and 44% off the peak reached in late 2007.

The numbers are gloomy, but there is a bright spot – and that is sales volume. The number of transactions was the second highest for the year, and dollar volume was the highest for the entire year.

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