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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!

2 comments:

  1. What the boundaries of the Central Bench Historic District?

    ReplyDelete
  2. 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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