From Globe St.: Values Off 43% From 2007 Peak Prices nationwide have fallen 42.9% from their October 2007 peak, according to the latest Moody’s/REAL Commercial Property Price Index report issued Thursday, while Real Capital Analytics says total transaction volume for 2009 will be the lowest of the decade. The November Moody’s/REAL report … covers transactions through Sept. 30 … September’s index represented a 3.9% value decline compared to August. … “Further price declines are almost certain over the short term,” says Nick Levidy, Moody’s managing director, in a statement. “However, it is notable that the pace of deterioration appears to be moderating.” Here is a comparison of the Moodys/REAL Commercial Property Price Index (CPPI) and the Case-Shiller composite 20 index. Notes: Beware of the “Real” in the title – this index is not inflation adjusted. Moody’s CRE price index is a repeat sales index like Case-Shiller – but there are far fewer commercial sales – and that can impact prices.

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