Baltimore, MD - House Price Index (HPI)
Baltimore Real Estate Market Forecast
100
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  26848
2nd Quarter, 2017 Housing Statistics: Baltimore, Maryland


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Baltimore is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Baltimore is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Baltimore housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Baltimore is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Baltimore is 83% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Baltimore
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     2.15%
Last Year . . . . . . . . . . . . . . . . . . . .  3.4%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . -11%
Last 20 Years                                   116%
Decline From All Time High               11.48%


Annual Home Price Appreciation Rates
1987      10.71%
1988      10.66%
1989      6.79%
1990      2.56%
1991      3.97%
1992      1.32%
1993      1.39%
1994      -2.42%
1995      3.84%
1996      0.63%
1997      2.32%
1998      3.09%
1999      3.23%
2000      6.05%
2001      8.11%
2002      10.75%
2003      13.37%
2004      18.93%
2005      20.13%
2006      7.85%
2007      -0.09%
2008      -7.74%
2009      -8.19%
2010      -2.17%
2011      -3.34%
2012      -0.69%
2013      1.79%
2014      3.25%
2015      1.81%
2016      3.32%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.15%         Rank: 225 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.4%           Rank: 267 of 381 (30th Percentile)
Last 5 Years                              14%            Rank: 239 of 381 (37th Percentile)
Last 10 Years  . . . . . . . . . . . .   -11%           Rank: 324 of 381 (15th Percentile)
Last 20 Years                            116%          Rank: 84 of 379 (78th Percentile)
Decline From All Time High        11.48%

The change in home prices for Baltimore-Columbia-Towson, MD are shown
above for five time periods. For example: Baltimore appreciated 2.15% in the
Last Quarter. At that rate, the Baltimore Real Estate Market was ranked 225th
out of 381 metropolitan Real Estate Markets. Baltimore was in the 41st
percentile. So Baltimore, MD performed better in the Last Quarter than 41% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd 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 254.0 in the 2nd Quarter, of 2007. The 2nd Quarter,
2017 index value was 224.9. That's a decline of 29.15 points or 11.48% below
the Baltimore Home Price Index all time high.  The Home Price Index indicates
that the Baltimore Market is down 11% over the last 10 years. Home prices in
the Baltimore Real Estate Market have gained 3.41% over the last 12 months.
Over the last thirty years, it is up 199%.

The 2nd Quarter index value was 4.74 points higher than the 1st Quarter, 2017
index value of 220.13, resulting in a 2.15% rise in the 2nd Quarter for the
Baltimore Market.

The Baltimore 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 24 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Manhattan, KS and Longview,
TX, 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
2nd 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 2nd Quarter of 2017, Baltimore Home Prices had a rank of 225, with
appreciation of 2.15%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Baltimore Home Prices had a rank of 267, with
appreciation during the year of 3.41%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Baltimore Home Prices
ranked 239, with a total appreciation of 13.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Baltimore Home Prices
had a rank of 324, with appreciation during the decade of -11%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Baltimore Home Prices
had a rank of 84, with total growth over the 20 year period of 116%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
The median for all cities during the last 20 years was 79%. 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 Wednesday, October 18, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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