• Skip to main navigation
  • Skip to content
  • Skip to footer

Talk To Cathy Now!

Have a question? Give me a call at 239.821.7926, or you can click here for more options to call or email and I will contact you right away.

Marco Island Condos, Marco Island Real Estate, Marco Island Homes for Sale, Marco Island Luxury HomesMarco Island Condos, Marco Island Real Estate, Marco Island Homes for Sale, Marco Island Luxury Homes

Marco Island Real Estate

  • SEARCH
    • Join Deal Alert
    • Advanced Search
    • Newly Listed Homes
    • My Featured Properties
    • Upcoming Open Houses
    • Interactive Map Search
    • Search by Listing ID
    • Search by Address
    • My Favorites
  • CONDOS
    • Marco Island ALL Condo Directory
    • Beachfront Condos
    • Waterfront Condos
    • Golf Course Condos
    • Inland Condos
    • Gated Condos
    • Condos with a Boat Dock
    • South End Condos
    • Old Marco Condos
    • Luxury Condos
    • Water Direct Condos
  • HOMES
    • Beachfront Homes
    • Gulf Homes
    • Golf Homes
    • Inland Homes
    • Water Direct Homes
    • Water Indirect Homes
  • AREAS
  • MARKET REPORT
    • Current Market Report
    • What’s Your Home Worth?
  • GALLERY
  • RESOURCES
    • About Marco Island
    • Explore Marco Island Real Estate
    • Video Tour
    • Golf Courses
    • Attractions
    • Area Links
    • Churches
    • Dining
    • Videos
    • Mortgage Calculator
  • ABOUT
    • About Cathy
    • Client Reviews
    • “Women in Business”
    • Why List with Me?
  • BLOG
  • CONTACT
  • 239.821.7926
SearchClose

Case-Shiller Index: 17 Of 20 U.S. Housing Markets Slipped In September

Case-Shiller Index September 2011

Standard & Poor’s released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years.

The Case-Shiller Index for September showed drastic devaluations nationwide.

As compared to August, home values fell throughout 17 of the index’s 20 tracked markets, led by Atlanta’s 5.9% drop. On an annual basis, home values have now returned to early-2003 levels.

That said, home buyers and sellers should be cautious when referencing the Case-Shiller Index. The index is a flawed metric and, as such, can lead to improper conclusions about the housing market overall.

The Case-Shiller Index’s first flaw is its most obvious — its limited sample set. 

According to Wikipedia, there are more than 3,100 municipalities nationwide. Yet, the Case-Shiller Index includes data from just 20 of them in its findings. These 20 cities account for fewer than 1% of all U.S. cities, and just a small percentage of the overall U.S. population. 

The “national figures” aren’t really national, in other words.

Even on a city-by-city basis, the Case-Shiller Index gets it wrong.

By lumping disparate neighborhoods into a single, city-wide result, the index ignores the relative strength of one area at the expense of another. In the aforementioned Atlanta, there are areas that fared much better than September’s -5.9% as cited by Case-Shiller. Some areas fared much worse.

A second flaw in the Case-Shiller Index is it’s methodology for measuring changes in home value. The index only considers “repeat sales” of the same home in its findings, and those homes must be single-family, detached property. Condominiums, multi-family homes, and new construction are not included.

In some cities — Chicago, for example — “excluded” property types can account for a large percentage of total monthly sales.

And, third, the Case-Shiller Index is flawed by “age”.

Because Standard & Poor’s publishes on a 60-day delay, the Case-Shiller Index is reporting on a housing that no longer exists. Sales that closed in September are based on contracts written from June-August –a time-frame that’s 6 months aged.

The best use of the Case-Shiller Index is as an analysis tool for economists and policy-makers interested in the long-term trends of U.S. housing. The index does very little good for every day buyers and sellers, unfortunately.

For up-to-date, accurate market data, talk to a real estate professional instead.

Posted in: Blog Tagged: Case-Shiller Index, Home Values, Standard & Poors

Join Property Alert

Did you know the hottest homes for sale on Marco Island often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

JOIN PROPERTY ALERT

As a local Marco Island resident & Real Estate Agent I also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

Post navigation

« New Home Supplies Fall To An 18-Month Low
Friday’s Jobs Report Represents A Big Risk To Low Mortgage Rates »

Contact Us Now



239.821.7926

Cathy.Rogers@Sothebysrealty.com

760 N. Collier Blvd., #101,
Marco Island, FL 34145

Join Deal Alert

Get New Properties & Price Update Alerts sent straight to your inbox

Favorites

Login to manage your Favorites, Save Properties & Searches

Property Search

Find Condos using the most powerful Search tool in Marco Island

FREE Home Valuation

Find out the TRUE value of your condo and what other condos in your neighborhood are selling for

AREAS I COVER

34145, Condos, Beachfront Condos, Water Direct Homes, Marco Island Inland Homes, Water Indirect Homes, Marco Island Inland Condos, Golf Course Homes, Gulf Condos, Marco Island Golf Course Condos, Beachfront Condos, Tigertail Beach, Hideaway Beach Real Estate, Key Marco, Old Marco, Cape Marco, South End, River Area

Connect with Us

© 2021 · Cathy Rogers · 239.821.7926 · Privacy Policy · Marco Island Real Estate

Disclaimer - All Rights Reserved by Cathy Rogers, Premier Sotheby's International Realty, Licensed in Florida · Marco Island Condos & Homes for sale · Sitemap · IDX Sitemap · IDX XML Sitemap

Log in · Real Estate Website by Real Estate Websites by YourSiteNeedsMe.com