I had no idea Case Schiller tracked condo prices

If you'd like to look at a better index try this,

http://www.radarlogic.com/research/RPXManhattanNeighborhoodsReportforOctober2008.pdf

on Radar Logic

I believe this was a recent add. I remember discussions of "oh, they're going to add condos" 6 months back... actually, looking at it, its only the second month of reports, so this is the new index.

Good tach.

Why would Radar be any better?

Shiller invented the comparables index, the other stuff that works off medians is relatively crappy data.

I assume that this data includes condos and coops for NYC, but couldn't verify that. Either way, it will be interesting to keep on top of this index over the coming months as a true like for like comparison (though admitedly it's not for just manhattan). Prices seem like they are back to Sept 2005 in NYC though the price data since then seems very flat. Certainly more flat than I would have expected. But maybe new condos (which are excluded from this) really did drive a huge amount of mean/median appreciation.

nyc10022 Because Radar does neighbor comparisons and is a index fund.

BTW nice to see that you stopped quote Urban and SE as seperate data bases.

nyc10022 is correct, this is a recent add. First report was on Nov 25 and the second on December 30. Apparently meant to be produced on the last Tuesday of each month after the headline C/S home price index. It uses the same metro-area focus (so fairly broad) as the headline index but focuses only on condos, which tend to show greater concentration in and around Manhattan. The index figures go back to January 1995.