June appraisal volume wrapped up on a low note despite starting the month on a high.

According to the latest National Appraisal Volume Index, appraisal volume fell 1.9% for the week of June 26.

The glimpse of hope for a strong month at the start of the month was quickly overshadowed by several weeks of lackluster volume.  

This chart shows volume over the past four weeks.

Click to enlarge

june end

(Source: a la mode)

a la mode is an appraisal forms software company that provides its findings exclusively to HousingWire each week.

And while the four-week average did rise to 3.9%, it was only the result of the low Memorial Holiday week that dropped off, explained Kevin Golden, director of analytics with a la mode.

Golden redid the math, keeping the holiday week, and found that the five-week average is only 0.1%.

And next week doesn’t look like it will be much better, with volume once again getting blocked by a holiday.

Looking ahead, Golden said that he would estimate volume to drop between 15% to 20% next week but recover, per usual, in the week after.