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.
Parcl Team
Apr 4, 2024
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.
Parcl Team
