Billings, MT - House Price Index (HPI)
Billings Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Billings, MT 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
Billings Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27620
3rd Quarter, 2017 Housing Statistics: Billings, Montana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      87%

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 Billings housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Billings 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
Billings is 87% 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 Billings Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Billings housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Billings is 81%. In other words, when tested against historical data, the
forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Billings is 81% 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 Billings Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Billings, Montana


Historical Home Price Appreciation
Last Quarter                                     1.52%
Last Year . . . . . . . . . . . . . . . . . . . .  3.6%
Last 5 Years                                     21%
Last 10 Years . . . . . . . . . . . . . . . . . 25%
Last 20 Years                                   123%



Annual Home Price Appreciation Rates
1987      -16.37%
1988      9.22%
1989      1.30%
1990      3.97%
1991      8.85%
1992      8.48%
1993      10.14%
1994      7.28%
1995      3.06%
1996      5.69%
1997      0.59%
1998      2.63%
1999      3.39%
2000      3.29%
2001      4.88%
2002      6.63%
2003      8.57%
2004      7.83%
2005      11.20%
2006      5.64%
2007      6.09%
2008      2.09%
2009      -2.28%
2010      0.93%
2011      -1.80%
2012      4.38%
2013      2.84%
2014      3.92%
2015      6.12%
2016      2.37%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.52%         Rank: 191 of 381 (50th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.6%           Rank: 258 of 381 (32nd Percentile)
Last 5 Years                              21%            Rank: 170 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 42 of 381 (89th Percentile)
Last 20 Years                            123%          Rank: 72 of 379 (81st Percentile)


The change in home prices for Billings, MT are shown above for five time
periods. For example: Billings appreciated 1.52% in the Last Quarter. At that
rate, the Billings Real Estate Market was ranked 191st out of 381 metropolitan
Real Estate Markets. Billings was in the 50th percentile. So Billings, MT
performed better in the Last Quarter than 50% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Billings, Montana

The all time high in the Billings Home Price Index was 243.6 in the 3rd Quarter,
of 2017.  The Home Price Index indicates that the Billings Market is up 25%
over the last 10 years. Home prices in the Billings Real Estate Market have
gained 3.59% over the last 12 months. Over the last thirty years, it is up 262%.

The 3rd Quarter index value was 3.65 points higher than the 2nd Quarter, 2017
index value of 239.94, resulting in a 1.52% rise in the 3rd Quarter for the
Billings Market.

The Billings 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 Billings Real Estate
Market was 13% in the twelve months ended with the 3rd Quarter of 1990. The
worst annual change in home values  in the Billings Market was -16% in the
twelve months ended with the 4th Quarter of 1987.

The highest growth in home values in the Billings Real Estate Market over a
three year period was 30% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Billings Market
was -12% in the three years ended with the 1st Quarter of 1989.

This page provides a long term graph of the Billings Home Price Index (above).
For information about Montana 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 Billings 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 Billings 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 Billings 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: Billings, Montana

The trend of Billings 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 3rd Quarter of 2017, Billings Home Prices had a rank of 191, with
appreciation of 1.52%. 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, Billings Home Prices had a rank of 258, with
appreciation during the year of 3.59%. 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, Billings Home Prices
ranked 170, with a total appreciation of 21.3%. 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, Billings Home Prices had
a rank of 42, with appreciation during the decade of 25%. 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, Billings Home Prices had
a rank of 72, with total growth over the 20 year period of 123%. 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 Billings Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Billings. 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 Friday, December 8, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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