Trepp has a new CRE property price analysis for the last quarter of 2024. The Federal Reserve’s interest rate cuts last fall have helped ease financial constraints. However, “persistent structural challenges led to uneven price recoveries across property sectors” and uncertainty about the future continues to spook investors.

First, some words on the measurement tools: The analysis used the Trepp Property Price Index (TPPI), which tracks price movements using repeat sales of properties and traces changes in movements. In Q4 2024, 8,467 sales pairs were added.

There are two indexes. The EW index prices across property types and price tiers to provide a balanced representation of market trends without allowing any segment to take command and bias the entire results. The VW index emphasizes large dollar transactions to show trends by tracking the flow and concentration of capital.

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