Boston, MA - House Price Index (HPI)
Boston Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Boston-Quincy, MA 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.
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Boston Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18484
3rd Quarter, 2014 Housing Statistics: Boston, Massachusetts


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

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 Boston housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Boston 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
Boston is 80% 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 Boston Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Boston housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Boston is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Boston is 78% 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 Boston Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Boston, Massachusetts


Historical Home Price Appreciation
Last Quarter                                     1.33%
Last Year . . . . . . . . . . . . . . . . . . . .  6.1%
Last 5 Years                                     9%
Last 10 Years . . . . . . . . . . . . . . . . . -1%
Last 20 Years                                   149%
Decline From All Time High               8.25%


Annual Home Price Appreciation Rates
1984      20.34%
1985      29.98%
1986      20.52%
1987      10.02%
1988      3.08%
1989      -0.17%
1990      -8.20%
1991      -2.48%
1992      -0.75%
1993      0.96%
1994      -1.39%
1995      5.13%
1996      3.82%
1997      5.97%
1998      8.60%
1999      13.79%
2000      14.99%
2001      11.95%
2002      13.50%
2003      11.02%
2004      10.85%
2005      6.22%
2006      -2.10%
2007      -4.48%
2008      -5.32%
2009      -4.24%
2010      0.07%
2011      -1.73%
2012      0.57%
2013      4.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.33%         Rank: 202 of 381 (47th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.1%           Rank: 114 of 381 (70th Percentile)
Last 5 Years                              9%              Rank: 87 of 381 (77th Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 289 of 381 (24th Percentile)
Last 20 Years                            149%          Rank: 16 of 378 (96th Percentile)
Decline From All Time High        8.25%

The change in home prices for Boston, MA are shown above for five time
periods. For example: Boston appreciated 1.33% in the Last Quarter. At that
rate, the Boston Real Estate Market was ranked 202nd out of 381 metropolitan
Real Estate Markets. Boston was in the 47th percentile. So Boston, MA
performed better in the Last Quarter than 47% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Boston, Massachusetts

The data and analysis on this page pertains to Boston, MA, hereinafter referred
to as "Boston". The all time high in the Boston Home Price Index was 272.2 in
the 1st Quarter, of 2006. The 3rd Quarter, 2014 index value was 249.8. That's
a decline of 22.45 points or 8.25% below the Boston Home Price Index all time
high.  The Home Price Index indicates that the Boston Market is down 1% over
the last 10 years. Home prices in the Boston Real Estate Market have gained
6.07% over the last 12 months. Over the last thirty years, it is up 306%.

The 3rd Quarter index value was 3.27 points higher than the 2nd Quarter, 2014
index value of 246.49, resulting in a 1.33% rise in the 3rd Quarter for the
Boston Market.

The Boston 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 Boston Real Estate
Market was 30% in the twelve months ended with the 4th Quarter of 1985. The
worst annual change in home values  in the Boston Market was -8% in the
twelve months ended with the 4th Quarter of 1990.

The highest growth in home values in the Boston Real Estate Market over a
three year period was 91% in the three years ended with the 1st Quarter of
1987. The worst performance over a three year period in the Boston Market
was -14% in the three years ended with the 3rd Quarter of 2009.

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

The trend of Boston 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 Boston, MA, hereinafter referred to as "Boston".

Last Quarter:
During the 3rd Quarter of 2014, Boston Home Prices had a rank of 202, with
appreciation of 1.33%. 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, Boston Home Prices had a rank of 114, with
appreciation during the year of 6.07%. 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, Boston Home Prices
ranked 87, with a total appreciation of 8.6%. 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, Boston Home Prices had
a rank of 289, with appreciation during the decade of -1%. 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, Boston Home Prices had
a rank of 16, with total growth over the 20 year period of 149%. 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 Boston Real Estate
Market is available back to the 1st Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Boston. 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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