Baltimore, MD - House Price Index (HPI)
Baltimore Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Baltimore-Towson, MD 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
Baltimore Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27610
3rd Quarter, 2017 Housing Statistics: Baltimore, Maryland


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

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 Baltimore housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Baltimore is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Baltimore is 86% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Baltimore housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Baltimore is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Baltimore is 84% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Baltimore, Maryland


Historical Home Price Appreciation
Last Quarter                                     0.77%
Last Year . . . . . . . . . . . . . . . . . . . .  2.8%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . -10%
Last 20 Years                                   115%
Decline From All Time High               10.88%


Annual Home Price Appreciation Rates
1987      10.70%
1988      10.64%
1989      6.80%
1990      2.56%
1991      3.97%
1992      1.32%
1993      1.39%
1994      -2.42%
1995      3.83%
1996      0.65%
1997      2.30%
1998      3.10%
1999      3.23%
2000      6.06%
2001      8.10%
2002      10.75%
2003      13.38%
2004      18.92%
2005      20.14%
2006      7.84%
2007      -0.06%
2008      -7.76%
2009      -8.19%
2010      -2.16%
2011      -3.36%
2012      -0.68%
2013      1.79%
2014      3.25%
2015      1.61%
2016      3.50%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.77%         Rank: 277 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.8%           Rank: 295 of 381 (22nd Percentile)
Last 5 Years                              14%            Rank: 248 of 381 (35th Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 336 of 381 (11th Percentile)
Last 20 Years                            115%          Rank: 89 of 379 (76th Percentile)
Decline From All Time High        10.88%

The change in home prices for Baltimore-Columbia-Towson, MD are shown
above for five time periods. For example: Baltimore appreciated 0.77% in the
Last Quarter. At that rate, the Baltimore Real Estate Market was ranked 277th
out of 381 metropolitan Real Estate Markets. Baltimore was in the 27th
percentile. So Baltimore, MD performed better in the Last Quarter than 27% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Baltimore, Maryland

The data and analysis on this page pertains to Baltimore-Columbia-Towson,
MD, hereinafter referred to as "Baltimore". The all time high in the Baltimore
Home Price Index was 254.1 in the 2nd Quarter, of 2007. The 3rd Quarter,
2017 index value was 226.4. That's a decline of 27.64 points or 10.88% below
the Baltimore Home Price Index all time high.  The Home Price Index indicates
that the Baltimore Market is down 10% over the last 10 years. Home prices in
the Baltimore Real Estate Market have gained 2.78% over the last 12 months.
Over the last thirty years, it is up 188%.

The 3rd Quarter index value was 1.73 points higher than the 2nd Quarter, 2017
index value of 224.71, resulting in a 0.77% rise in the 3rd Quarter for the
Baltimore Market.

The Baltimore Home Price Index has increased for the last 2 consecutive
quarters. 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Baltimore Real Estate
Market was 22% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Baltimore Market was -9% in the
twelve months ended with the 2nd Quarter of 2009.

The highest growth in home values in the Baltimore Real Estate Market over a
three year period was 63% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Baltimore Market
was -19% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Baltimore Home Price Index
(above). For information about Maryland 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 Baltimore 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 Baltimore 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 Baltimore 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
3rd Quarter, 2017 Housing Data: Baltimore, Maryland

The trend of Baltimore 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. The data and analysis on this page pertains
to Baltimore-Columbia-Towson, MD, hereinafter referred to as "Baltimore".

Last Quarter:
During the 3rd Quarter of 2017, Baltimore Home Prices had a rank of 277, with
appreciation of 0.77%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Baltimore Home Prices had a rank of 295, with
appreciation during the year of 2.78%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Baltimore Home Prices
ranked 248, with a total appreciation of 13.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Baltimore Home Prices
had a rank of 336, with appreciation during the decade of -10%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Baltimore Home Prices
had a rank of 89, with total growth over the 20 year period of 115%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Baltimore Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Baltimore. 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, December 7, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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