Real estate price index: what it shows and what it doesn't show

The index change describes the selected market segment, rather than the revaluation of each apartment.

Methodology

First, determine which objects are included and how changes in their composition are taken into account. Indexes from different organizations may use different data and filters. The same city name does not automatically make such indicators interchangeable.

Comparison period

Growth relative to the previous month and change over the year answer different questions. The market could post a monthly gain after several months of decline and still be below last year. It is important to save exactly the selected period in the title.

Specific object

The index is useful as general context. An apartment requires comparable sales, the condition of the building and location features. The exact price of a property cannot be deduced from the city index by simply adding a percentage to last year's estimate. First, make sure the segment matches your object at all.