Baltimore, MD - House Price Index (HPI)
Baltimore Real Estate Market Forecast
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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.  Updated Thursday, June 18, 2015. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Baltimore Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18466
3rd Quarter, 2014 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 2015 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 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Baltimore housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Baltimore is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Baltimore is 87% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Baltimore, Maryland


Historical Home Price Appreciation
Last Quarter                                     0.84%
Last Year . . . . . . . . . . . . . . . . . . . .  3.4%
Last 5 Years                                     -3%
Last 10 Years . . . . . . . . . . . . . . . . . 13%
Last 20 Years                                   110%
Decline From All Time High               16.75%


Annual Home Price Appreciation Rates
1984      5.85%
1985      5.41%
1986      11.19%
1987      10.71%
1988      10.66%
1989      6.83%
1990      2.53%
1991      3.96%
1992      1.32%
1993      1.38%
1994      -2.39%
1995      3.78%
1996      0.66%
1997      2.34%
1998      3.06%
1999      3.27%
2000      6.03%
2001      8.09%
2002      10.75%
2003      13.36%
2004      18.90%
2005      20.16%
2006      7.79%
2007      -0.07%
2008      -7.64%
2009      -8.17%
2010      -2.08%
2011      -3.25%
2012      -0.66%
2013      2.46%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.84%         Rank: 255 of 381 (33rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.4%           Rank: 213 of 381 (44th Percentile)
Last 5 Years                              -3%             Rank: 262 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 166 of 381 (56th Percentile)
Last 20 Years                            110%          Rank: 64 of 378 (83rd Percentile)
Decline From All Time High        16.75%

The change in home prices for Baltimore-Columbia-Towson, MD are shown
above for five time periods. For example: Baltimore appreciated 0.84% in the
Last Quarter. At that rate, the Baltimore Real Estate Market was ranked 255th
out of 381 metropolitan Real Estate Markets. Baltimore was in the 33rd
percentile. So Baltimore, MD performed better in the Last Quarter than 33% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 253.8 in the 2nd Quarter, of 2007. The 3rd Quarter,
2014 index value was 211.3. That's a decline of 42.51 points or 16.75% below
the Baltimore Home Price Index all time high.  The Home Price Index indicates
that the Baltimore Market is up 13% over the last 10 years. Home prices in the
Baltimore Real Estate Market have gained 3.44% over the last 12 months. Over
the last thirty years, it is up 248%.

The 3rd Quarter index value was 1.75 points higher than the 2nd Quarter, 2014
index value of 209.57, resulting in a 0.84% rise in the 3rd Quarter for the
Baltimore Market.

The Baltimore Home Price Index has increased for the last 9 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 13 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, 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 -18% 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, 2014 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 2014, Baltimore Home Prices had a rank of 255, with
appreciation of 0.84%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Baltimore Home Prices had a rank of 213, with
appreciation during the year of 3.44%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Baltimore Home Prices
ranked 262, with a total appreciation of -2.5%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Baltimore Home Prices
had a rank of 166, with appreciation during the decade of 13%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Baltimore Home Prices
had a rank of 64, with total growth over the 20 year period of 110%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

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.)





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