Categories: Hoboken Condos
First, you may wonder what the importance of moving averages is to sales prices. Simply put, they smooth out the short term, month-to-month fluctuations that are inherent in the market. Many of you who work in finance are familiar with their use and different forms.
Here is the 3 and 6 month moving average chart.
No question that there is a downturn in the past few months. Too soon to venture a theory as to what is driving it but I’ll stay on it. Now if any of you quants out there have a formula/model I could borrow to do a weighted moving average I would be forever grateful!