Is the Commercial Market At Bottom Yet?

Moody’s reports that commercial prices are bumping up and down along the bottom right now.  Some months prices are up a bit, and others they are down.  In June prices dropped 4% is what Moody’s called a “choppy drop.” The prices are still higher than they were at the height of the recession in October 2009.  Overall commercial prices are 41.4% below their peak recorded in October 2007.

Moody’s believes that in the commercial market buyers and sellers are beginning to agree on prices that will sell and that should bode well for increasing transaction volume, even if prices bounce around a bit near the bottom in the coming months.