The Moody’s/REAL Commercial Property Price Index, prepared by Moody’s, the MIT Center for Real Estate, and Real Capital Analytics, tracks commercial property prices in the United States. It uses a repeat sale methodology.
The March 2009 report comments on the National All Property Types Index as follows:
In this report, the Moody’s/REAL National All Property Type Aggregate Index for January measures 151.58, a decrease of 5.5% from the previous month. The index now stands 19.1% below the level seen a year ago, and is 21% below the peak measured in October 2007. The index is 15.4% lower than it was two years ago. This report is based on data through the end of January.
The Real Capital Analytics site displays the following chart: