Des Moines, IA - House Price Index (HPI)
Des Moines Real Estate Market Forecast
The House Price Index (HPI) shows changes in Des Moines-West Des Moines, IA 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.
Des Moines Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1058.56
1st Quarter, 2018 Housing Statistics: Des Moines, Iowa


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

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 Des Moines housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Des Moines is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Des
Moines is 89% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Des Moines
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Des Moines housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Des Moines is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Des
Moines is 79% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Des Moines
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Des Moines, Iowa


Historical Home Price Appreciation
Last Quarter                                     0.41%
Last Year . . . . . . . . . . . . . . . . . . . .  4.6%
Last 5 Years                                     22%
Last 10 Years . . . . . . . . . . . . . . . . . 15%
Last 20 Years                                   69%



Annual Home Price Appreciation Rates
1988      4.23%
1989      4.00%
1990      4.50%
1991      4.11%
1992      3.18%
1993      5.04%
1994      6.41%
1995      6.34%
1996      3.09%
1997      4.05%
1998      5.20%
1999      3.59%
2000      4.74%
2001      5.54%
2002      3.77%
2003      5.01%
2004      4.45%
2005      5.10%
2006      1.37%
2007      1.54%
2008      -2.12%
2009      -2.28%
2010      -0.32%
2011      -0.89%
2012      -0.12%
2013      2.16%
2014      3.56%
2015      4.89%
2016      4.08%
2017      5.48%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.41%         Rank: 257 of 381 (32nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.6%           Rank: 252 of 381 (33rd Percentile)
Last 5 Years                              22%            Rank: 172 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 111 of 381 (71st Percentile)
Last 20 Years                            69%            Rank: 229 of 379 (39th Percentile)


The change in home prices for Des Moines-West Des Moines, IA are shown
above for five time periods. For example: Des Moines appreciated 0.41% in the
Last Quarter. At that rate, the Des Moines Real Estate Market was ranked
257th out of 381 metropolitan Real Estate Markets. Des Moines was in the 32nd
percentile. So Des Moines, IA performed better in the Last Quarter than 32% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Des Moines, Iowa

The data and analysis on this page pertains to Des Moines-West Des Moines,
IA, hereinafter referred to as "Des Moines". The all time high in the Des Moines
Home Price Index was 192.9 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the Des Moines Market is up 15% over the last 10 years. Home
prices in the Des Moines Real Estate Market have gained 4.61% over the last
12 months. Over the last thirty years, it is up 159%.

The 1st Quarter index value was 0.78 points higher than the 4th Quarter, 2017
index value of 192.07, resulting in a 0.41% rise in the 1st Quarter for the Des
Moines Market.

The Des Moines Home Price Index has increased for the last 23 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Des Moines Real
Estate Market was 18% in the twelve months ended with the 2nd Quarter of
1978. The worst annual change in home values  in the Des Moines Market was
-12% in the twelve months ended with the 2nd Quarter of 1981.

The highest growth in home values in the Des Moines Real Estate Market over
a three year period was 23% in the three years ended with the 3rd Quarter of
1985. The worst performance over a three year period in the Des Moines
Market was -6% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Des Moines Home Price Index
(above). For information about Iowa 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 Des Moines 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 Des Moines 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 Des Moines 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
1st Quarter, 2018 Housing Data: Des Moines, Iowa

The trend of Des Moines 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 Des Moines-West Des Moines, IA, hereinafter referred to as "Des Moines".

Last Quarter:
During the 1st Quarter of 2018, Des Moines Home Prices had a rank of 257,
with appreciation of 0.41%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Des Moines Home Prices had a rank of 252, with
appreciation during the year of 4.61%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Des Moines Home Prices
ranked 172, with a total appreciation of 21.7%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
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 1st Quarter of 2018, Des Moines Home Prices
had a rank of 111, with appreciation during the decade of 15%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Des Moines Home Prices
had a rank of 229, with total growth over the 20 year period of 69%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Des Moines 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 Des Moines. 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, June 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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