Denver, CO - House Price Index (HPI)
Denver Real Estate Market Forecast
The House Price Index (HPI) shows changes in Denver-Aurora, CO 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.
Denver Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26917
2nd Quarter, 2017 Housing Statistics: Denver, Colorado


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 Denver housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Denver 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
Denver 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 Denver Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Denver housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Denver is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Denver is 76% 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 Denver Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Denver, Colorado


Historical Home Price Appreciation
Last Quarter                                     3.97%
Last Year . . . . . . . . . . . . . . . . . . . .  11.3%
Last 5 Years                                     67%
Last 10 Years . . . . . . . . . . . . . . . . . 58%
Last 20 Years                                   172%



Annual Home Price Appreciation Rates
1987      -4.36%
1988      -1.38%
1989      1.75%
1990      2.16%
1991      4.24%
1992      7.70%
1993      8.87%
1994      10.08%
1995      7.63%
1996      5.11%
1997      6.41%
1998      6.68%
1999      12.95%
2000      13.68%
2001      7.86%
2002      4.05%
2003      2.23%
2004      3.13%
2005      3.71%
2006      0.03%
2007      -1.87%
2008      -2.23%
2009      -1.07%
2010      -0.09%
2011      -1.92%
2012      3.72%
2013      10.54%
2014      10.14%
2015      13.22%
2016      10.34%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.97%         Rank: 84 of 381 (78th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.3%          Rank: 25 of 381 (93rd Percentile)
Last 5 Years                              67%            Rank: 24 of 381 (93rd Percentile)
Last 10 Years  . . . . . . . . . . . .   58%            Rank: 4 of 381 (99th Percentile)
Last 20 Years                            172%          Rank: 21 of 379 (94th Percentile)


The change in home prices for Denver-Aurora-Lakewood, CO are shown above
for five time periods. For example: Denver appreciated 3.97% in the Last
Quarter. At that rate, the Denver Real Estate Market was ranked 84th out of
381 metropolitan Real Estate Markets. Denver was in the 78th percentile. So
Denver, CO performed better in the Last Quarter than 78% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Denver, Colorado

The data and analysis on this page pertains to Denver-Aurora-Lakewood, CO,
hereinafter referred to as "Denver". The all time high in the Denver Home Price
Index was 311.0 in the 2nd Quarter, of 2017.  The Home Price Index indicates
that the Denver Market is up 58% over the last 10 years. Home prices in the
Denver Real Estate Market have gained 11.34% over the last 12 months. Over
the last thirty years, it is up 322%.

The 2nd Quarter index value was 11.87 points higher than the 1st Quarter,
2017 index value of 299.16, resulting in a 3.97% rise in the 2nd Quarter for the
Denver Market.

The Denver Home Price Index has increased for the last 21 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 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 Denver Real Estate
Market was 29% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Denver Market was -4% in the
twelve months ended with the 4th Quarter of 1987.

The highest growth in home values in the Denver Real Estate Market over a
three year period was 40% in the three years ended with the 2nd Quarter of
2001. The worst performance over a three year period in the Denver Market
was -6% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Denver 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 Denver-Aurora-Lakewood, CO, hereinafter referred to as "Denver".

Last Quarter:
During the 2nd Quarter of 2017, Denver Home Prices had a rank of 84, with
appreciation of 3.97%. 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, Denver Home Prices had a rank of 25, with
appreciation during the year of 11.34%. 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, Denver Home Prices
ranked 24, with a total appreciation of 67.0%. 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, Denver Home Prices
had a rank of 4, with appreciation during the decade of 58%. 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, Denver Home Prices
had a rank of 21, with total growth over the 20 year period of 172%. 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 Denver Real Estate
Market is available back to the 3rd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Denver. 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 Thursday, November 16, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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