Cambridge Real Estate Market Forecast
Cambridge, MA - House Price Index (HPI)
100
1000
The House Price Index (HPI) shows changes in Cambridge-Newton-Framingham, MA single family home
prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, June 19, 2015.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Cambridge Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18495
3rd Quarter, 2014 Housing Statistics: Cambridge, Massachusetts


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 Cambridge housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Cambridge 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
Cambridge is 85% 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 Cambridge
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Cambridge housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Cambridge 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
Cambridge is 80% 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 Cambridge
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     1.14%
Last Year . . . . . . . . . . . . . . . . . . . .  5.8%
Last 5 Years                                     11%
Last 10 Years . . . . . . . . . . . . . . . . . 3%
Last 20 Years                                   140%
Decline From All Time High               4.05%


Annual Home Price Appreciation Rates
1984      24.65%
1985      29.31%
1986      18.26%
1987      7.35%
1988      2.07%
1989      0.20%
1990      -7.96%
1991      -2.56%
1992      0.17%
1993      1.64%
1994      -0.55%
1995      5.06%
1996      4.19%
1997      6.29%
1998      8.26%
1999      13.89%
2000      14.70%
2001      10.91%
2002      10.58%
2003      8.12%
2004      9.31%
2005      5.73%
2006      -2.09%
2007      -3.72%
2008      -4.78%
2009      -3.04%
2010      0.26%
2011      -1.16%
2012      0.72%
2013      5.53%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.14%         Rank: 223 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.8%           Rank: 124 of 381 (67th Percentile)
Last 5 Years                              11%            Rank: 69 of 381 (82nd Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 261 of 381 (31st Percentile)
Last 20 Years                            140%          Rank: 25 of 378 (93rd Percentile)
Decline From All Time High        4.05%

The change in home prices for Cambridge-Newton-Framingham, MA are shown
above for five time periods. For example: Cambridge appreciated 1.14% in the
Last Quarter. At that rate, the Cambridge Real Estate Market was ranked 223rd
out of 381 metropolitan Real Estate Markets. Cambridge was in the 41st
percentile. So Cambridge, MA performed better in the Last Quarter than 41% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























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

The data and analysis on this page pertains to
Cambridge-Newton-Framingham, MA, hereinafter referred to as "Cambridge".
The all time high in the Cambridge Home Price Index was 249.6 in the 3rd
Quarter, of 2005. The 3rd Quarter, 2014 index value was 239.5. That's a
decline of 10.11 points or 4.05% below the Cambridge Home Price Index all time
high.  The Home Price Index indicates that the Cambridge Market is up 3% over
the last 10 years. Home prices in the Cambridge Real Estate Market have
gained 5.79% over the last 12 months. Over the last thirty years, it is up 282%.

The 3rd Quarter index value was 2.71 points higher than the 2nd Quarter, 2014
index value of 236.77, resulting in a 1.14% rise in the 3rd Quarter for the
Cambridge Market.

The Cambridge Home Price Index has increased for the last 10 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 Cambridge Real
Estate Market was 30% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the Cambridge Market was
-8% in the twelve months ended with the 1st Quarter of 1991.

The highest growth in home values in the Cambridge Real Estate Market over a
three year period was 91% in the three years ended with the 2nd Quarter of
1986. The worst performance over a three year period in the Cambridge Market
was -11% in the three years ended with the 3rd Quarter of 2009.

This page provides a long term graph of the Cambridge 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 Cambridge 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 Cambridge 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 Cambridge 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: Cambridge, Massachusetts

The trend of Cambridge 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 Cambridge-Newton-Framingham, MA, hereinafter referred to as "Cambridge".

Last Quarter:
During the 3rd Quarter of 2014, Cambridge Home Prices had a rank of 223,
with appreciation of 1.14%. 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, Cambridge Home Prices had a rank of 124, with
appreciation during the year of 5.79%. 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, Cambridge Home Prices
ranked 69, with a total appreciation of 10.6%. 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, Cambridge Home Prices
had a rank of 261, with appreciation during the decade of 3%. 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, Cambridge Home Prices
had a rank of 25, with total growth over the 20 year period of 140%. 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 Cambridge Real Estate
Market is available back to the 3rd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Cambridge. 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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