Marshall Prentice Predicting Quotations

March numbers are pretty good at predicting upcoming activity. We figure that sales will be good but not spectacular on into the summer and that price increases will stay below 10 percent. We'll probably have a couple of months with new price peaks, but those new records will be reached at a slower rate of appreciation.

Trends in January and February are notoriously bad at predicting upcoming activity. Is the market taking a breather? Or is it starting to tumble? It's impossible to say, there's nothing really ominous in the numbers, but we won't know for another couple of months.