Drop in Pricing and Sales Activity Continue Downward

Commercial Real Estate Direct

September 21, 2009

The drop in sales activity and commercial property pricing re-intensified in July after a slight respite in June, according to the Moody’s/Real Commercial Property Price Indices, or CPPI.

The all-property-types component of CPPI, a collaboration of Moody’s Investors Service and Real Estate Analytics that tracks repeat property sales, fell 5.1 percent to 117.56, following a 1 percent drop in June and a 7.6 percent fall in May.

The all-property index, as of June 30, was down 30.8 percent from the year before and 38.5 percent from its peak in October 2007.

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