Hagerstown, MD - House Price Index (HPI)
Hagerstown Real Estate Market Forecast
The House Price Index (HPI) shows changes in Hagerstown-Martinsburg, MD-WV 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.
Hagerstown Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1108.56
1st Quarter, 2018 Housing Statistics: Hagerstown, Maryland


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 Hagerstown housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Hagerstown 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
Hagerstown is 80% 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
Hagerstown Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Hagerstown housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Hagerstown 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
Hagerstown is 78% 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
Hagerstown Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Hagerstown, Maryland


Historical Home Price Appreciation
Last Quarter                                     2.00%
Last Year . . . . . . . . . . . . . . . . . . . .  8.7%
Last 5 Years                                     21%
Last 10 Years . . . . . . . . . . . . . . . . . -15%
Last 20 Years                                   74%
Decline From All Time High               20.17%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990      6.16%
1991      3.25%
1992      1.96%
1993      1.82%
1994      -1.36%
1995      5.33%
1996      0.96%
1997      2.64%
1998      3.60%
1999      1.46%
2000      4.41%
2001      5.60%
2002      9.26%
2003      11.50%
2004      19.52%
2005      23.15%
2006      5.11%
2007      -4.36%
2008      -11.10%
2009      -12.93%
2010      -3.65%
2011      -6.16%
2012      -1.43%
2013      3.66%
2014      2.72%
2015      3.07%
2016      4.76%
2017      4.45%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.00%         Rank: 116 of 381 (69th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.7%           Rank: 69 of 381 (82nd Percentile)
Last 5 Years                              21%            Rank: 175 of 381 (54th Percentile)
Last 10 Years  . . . . . . . . . . . .   -15%           Rank: 373 of 381 (2nd Percentile)
Last 20 Years                            74%            Rank: 208 of 379 (45th Percentile)
Decline From All Time High        20.17%

The change in home prices for Hagerstown-Martinsburg, MD-WV are shown
above for five time periods. For example: Hagerstown appreciated 2.00% in the
Last Quarter. At that rate, the Hagerstown Real Estate Market was ranked
116th out of 381 metropolitan Real Estate Markets. Hagerstown was in the 69th
percentile. So Hagerstown, MD performed better in the Last Quarter than 69%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Hagerstown, Maryland

The data and analysis on this page pertains to Hagerstown-Martinsburg,
MD-WV, hereinafter referred to as "Hagerstown". The all time high in the
Hagerstown Home Price Index was 241.9 in the 1st Quarter, of 2007. The 1st
Quarter, 2018 index value was 193.1. That's a decline of 48.81 points or
20.17% below the Hagerstown Home Price Index all time high.  The Home Price
Index indicates that the Hagerstown Market is down 15% over the last 10 years.
Home prices in the Hagerstown Real Estate Market have gained 8.74% over the
last 12 months.

The 1st Quarter index value was 3.78 points higher than the 4th Quarter, 2017
index value of 189.35, resulting in a 2.00% rise in the 1st Quarter for the
Hagerstown Market.

The Hagerstown Home Price Index has increased for the last 4 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 Hagerstown Real
Estate Market was 25% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Hagerstown Market was
-14% in the twelve months ended with the 2nd Quarter of 2009.

The highest growth in home values in the Hagerstown Real Estate Market over
a three year period was 67% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Hagerstown
Market was -30% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Hagerstown 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 Hagerstown-Martinsburg, MD-WV, hereinafter referred to as "Hagerstown".

Last Quarter:
During the 1st Quarter of 2018, Hagerstown Home Prices had a rank of 116,
with appreciation of 2.00%. 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, Hagerstown Home Prices had a rank of 69, with
appreciation during the year of 8.74%. 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, Hagerstown Home Prices
ranked 175, with a total appreciation of 21.5%. 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, Hagerstown Home Prices
had a rank of 373, 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, Hagerstown Home Prices
had a rank of 208, with total growth over the 20 year period of 74%. 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 Hagerstown Real
Estate Market is available back to the 1st Quarter, of 1990. All calculations are
based on the quarterly value of the House Price Index for Hagerstown. 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, June 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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