News
Auckland momentum follows rest of country
Friday 18th of June 2010
The PCI is a sensitive measure of the market based on changes in the number of houses sold, changes in price plus the time taken for a house to sell and ranges from negative 10, showing a strong downturn, to positive 10 - a strong upturn in the housing market.
"The PCI is a momentum-based indicator, rather than an absolute indicator of the market," Mike Pero chief executive Shaun Riley...
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