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Friday, August 8, 2008

East Central Bench: Mysterious 2-Year Cycle

I ran the sales volume numbers going back to September 2000 for the East Central Bench Historic District in Ogden. I plugged a 6-month moving average into the figures and here is our result:


Anyone see a pattern in there? It looks like we just completed the 3rd iteration of a two-year cycle. Sales on our moving average all peak in the last quarter of 2003, 2005, and 2007 with a significant dip after peak. It almost reminds me of a EKG heartbeat. I know about the one-year seasonal cycle for the market in large but this market activity defies description. If anyone has a clue as to why Downtown Ogden would follow this odd 2-year pattern, chime in!
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2 comments:

  1. Robert Van DrunenAugust 8, 2008 at 6:08 PM

    What the boundaries of the Central Bench Historic District?

    ReplyDelete
  2. Jeremy PetersonAugust 8, 2008 at 9:30 PM

    The East Central Bench Historic District is bounded by Harrison Blvd on the East, Washington Blvd on the West, 20th on the North and 30th on the South.

    ReplyDelete

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