A new release of CoStar Group data through December 2024 showed quarter-over-quarter price gains in CRE. That they vary by deal size, geography, and property type is more evidence of improving markets. While the price indices fell some month-over-month, year-over-year things remain “intact.”

This report is based on 1,710 repeat sale pairs in December 2024 and 317,677 repeat sales since 1996. Repeat sales are an important tool because they establish comparable values at different times.

The composite price indices fell some in December, month-over-month. The value-weighted index, more influenced by high-value trades in core markets, fell by 1.3% between November and December, falling to 245 for the first time in five months. The index was off 3.1% over the previous 12 months and 18.4% below the July 2022 historical high.