Final December data shows the sixth consecutive MoM dip across seventeen real estate markets
What Parcl Traders Need to Know
Six tradable North American Parcl markets are down -2.08% MoM in aggregate ppsft terms. Considering markets that aren’t yet tradable on V3, performance was down 2.4% MoM.
In 2023, the tradable v3 markets were up 2.4% — including the non-tradable markets, the performance was up 2.1%.
MoM, some real estate markets like Denver (-7.1%), San Francisco (-6.8%) & Washington D.C. (-5.9%) experienced meaningful price declines.
In 2023, Portland emerged the biggest laggard (-7.9%), followed by San Francisco (-5.9%) and Washington D.C. (-3.8%).
Parcl traders remain balanced, ~50:50 in all markets, with daily funding rates averaging at 0.14%.
After the Parcl v3 launch in November, total open interest (OI) across all indices surged above $7 million — an all-time high. Miami Beach, Las Vegas and San Francisco marked the highest OIs.
Parcl will have a lot more global locations coming soon! Stay tuned.
