Abstract: Most indicators of changing housing demand and supply provide signals for longer term trends. Many market participants such as mortgage lenders, speculators, real estate brokers, developers, and appraisers, would benefit if short term price trends could be better monitored and predicted. This research builds upon several simple and straightforward statistical indicators of housing market price movements to analyze either local, regional or national trends. It utilizes existing housing resale data as well as new housing market data.