Parcl Team

Apr 4, 2024

Parcl Team

Apr 4, 2024

Parcl Team

Apr 4, 2024

Market Update: March 2024

Market Update: March 2024

Final February data shows accelerating gains in many markets. Daily funding of +0.07% (25.5% annualized) indicating traders are tilting fairly bullish.

What Parcl Traders Need to Know

  • Tradable Parcl v3 markets finished March up 2.4% in aggregate (ppsft).

  • Several residential real estate markets experienced notable price increases MoM; Chicago (+6.9%), Atlanta (+6.9%), and Boston (+4.8%) stood out. The USA price feed grew 3.1% MoM.

  • On the other hand, Miami Beach (-3.1%), Brooklyn County (-1.2%), and Portland (-0.6%) were laggards. 

  • Chicago claims the best MoM performance (+6.9%) with Atlanta (+6.9%), followed by Boston (+4.8%).

  • Daily funding rates across Parcl markets are positive with a long bias amongst traders; notably, markets such as Miami Beach, San Francisco, and New York maintain the highest OI.

Parcl will have many more global locations coming soon! Stay tuned.

Comments

Comments

Comments