Ann Arbor, MI - House Price Index (HPI)
Ann Arbor Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Ann Arbor, MI single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
Ann Arbor Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  977.56
1st Quarter, 2018 Housing Statistics: Ann Arbor, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Ann Arbor housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Ann Arbor is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Ann
Arbor is 90% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Ann Arbor
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Ann Arbor housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Ann Arbor is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Ann
Arbor is 80% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Ann Arbor
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Ann Arbor, Michigan


Historical Home Price Appreciation
Last Quarter                                     0.16%
Last Year . . . . . . . . . . . . . . . . . . . .  5.5%
Last 5 Years                                     39%
Last 10 Years . . . . . . . . . . . . . . . . . 23%
Last 20 Years                                   67%
Decline From All Time High               0.78%


Annual Home Price Appreciation Rates
1988      12.06%
1989      8.74%
1990      3.13%
1991      3.43%
1992      1.72%
1993      2.24%
1994      5.24%
1995      5.47%
1996      7.08%
1997      7.11%
1998      6.02%
1999      10.01%
2000      7.59%
2001      5.35%
2002      5.47%
2003      4.52%
2004      4.49%
2005      1.86%
2006      -2.69%
2007      -9.01%
2008      -8.41%
2009      -6.13%
2010      -0.64%
2011      -0.84%
2012      1.99%
2013      10.59%
2014      6.19%
2015      7.32%
2016      4.23%
2017      8.28%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.16%         Rank: 269 of 381 (29th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.5%           Rank: 215 of 381 (43rd Percentile)
Last 5 Years                              39%            Rank: 90 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 46 of 381 (88th Percentile)
Last 20 Years                            67%            Rank: 244 of 379 (35th Percentile)
Decline From All Time High        0.78%

The change in home prices for Ann Arbor, MI are shown above for five time
periods. For example: Ann Arbor appreciated 0.16% in the Last Quarter. At that
rate, the Ann Arbor Real Estate Market was ranked 269th out of 381
metropolitan Real Estate Markets. Ann Arbor was in the 29th percentile. So Ann
Arbor, MI performed better in the Last Quarter than 29% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Ann Arbor, Michigan

The all time high in the Ann Arbor Home Price Index was 203.6 in the 3rd
Quarter, of 2017. The 1st Quarter, 2018 index value was 202.0. That's a
decline of 1.58 points or 0.78% below the Ann Arbor Home Price Index all time
high.  The Home Price Index indicates that the Ann Arbor Market is up 23% over
the last 10 years. Home prices in the Ann Arbor Real Estate Market have
gained 5.53% over the last 12 months. Over the last thirty years, it is up 180%.

The 1st Quarter index value was 0.33 points higher than the 4th Quarter, 2017
index value of 201.70, resulting in a 0.16% rise in the 1st Quarter for the Ann
Arbor Market.

The Ann Arbor Home Price Index increased in the last quarter after falling in the
previous quarter. The current record holders for consecutive increases in the
Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Ann Arbor Real Estate
Market was 20% in the twelve months ended with the 3rd Quarter of 1979. The
worst annual change in home values  in the Ann Arbor Market was -10% in the
twelve months ended with the 3rd Quarter of 1982.

The highest growth in home values in the Ann Arbor Real Estate Market over a
three year period was 39% in the three years ended with the 3rd Quarter of
1989. The worst performance over a three year period in the Ann Arbor Market
was -22% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the Ann Arbor Home Price Index
(above). For information about Michigan home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Ann Arbor Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Ann Arbor Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Ann Arbor Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Ann Arbor, Michigan

The trend of Ann Arbor Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Ann Arbor Home Prices had a rank of 269, with
appreciation of 0.16%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Ann Arbor Home Prices had a rank of 215, with
appreciation during the year of 5.53%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Ann Arbor Home Prices
ranked 90, with a total appreciation of 38.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Ann Arbor Home Prices
had a rank of 46, with appreciation during the decade of 23%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Ann Arbor Home Prices
had a rank of 244, with total growth over the 20 year period of 67%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Ann Arbor Real Estate
Market is available back to the 3rd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Ann Arbor. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Thursday, June 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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