Hartford, CT - House Price Index (HPI)
Hartford Real Estate Market Forecast
The House Price Index (HPI) shows changes in Hartford-West Hartford-East Hartford, CT 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.
Hartford Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  350.56
4th Quarter, 2017 Housing Statistics: Hartford, Connecticut


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 Hartford housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Hartford 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
Hartford is 79% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Hartford Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Hartford housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Hartford 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
Hartford is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Hartford Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Hartford, Connecticut


Historical Home Price Appreciation
Last Quarter                                     -0.78%
Last Year . . . . . . . . . . . . . . . . . . . .  0.8%
Last 5 Years                                     2%
Last 10 Years . . . . . . . . . . . . . . . . . -11%
Last 20 Years                                   69%
Decline From All Time High               11.77%


Annual Home Price Appreciation Rates
1988      4.74%
1989      -0.61%
1990      -8.26%
1991      -2.43%
1992      -2.36%
1993      -1.64%
1994      -6.38%
1995      1.60%
1996      -1.29%
1997      2.37%
1998      4.83%
1999      5.34%
2000      6.86%
2001      8.09%
2002      8.97%
2003      8.37%
2004      11.61%
2005      9.45%
2006      2.56%
2007      0.08%
2008      -4.68%
2009      -3.23%
2010      -0.59%
2011      -3.03%
2012      -1.65%
2013      -1.83%
2014      1.28%
2015      0.37%
2016      1.65%
2017      0.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.78%        Rank: 311 of 381 (18th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.8%           Rank: 347 of 381 (8th Percentile)
Last 5 Years                              2%              Rank: 370 of 381 (2nd Percentile)
Last 10 Years  . . . . . . . . . . . .   -11%           Rank: 349 of 381 (8th Percentile)
Last 20 Years                            69%            Rank: 236 of 379 (37th Percentile)
Decline From All Time High        11.77%

The change in home prices for Hartford-West Hartford-East Hartford, CT are
shown above for five time periods. For example: Hartford appreciated -0.78% in
the Last Quarter. At that rate, the Hartford Real Estate Market was ranked
311th out of 381 metropolitan Real Estate Markets. Hartford was in the 18th
percentile. So Hartford, CT performed better in the Last Quarter than 18% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Hartford, Connecticut

The data and analysis on this page pertains to Hartford-West Hartford-East
Hartford, CT, hereinafter referred to as "Hartford". The all time high in the
Hartford Home Price Index was 198.3 in the 1st Quarter, of 2007. The 4th
Quarter, 2017 index value was 175.0. That's a decline of 23.33 points or
11.77% below the Hartford Home Price Index all time high.  The Home Price
Index indicates that the Hartford Market is down 11% over the last 10 years.
Home prices in the Hartford Real Estate Market have gained 0.78% over the
last 12 months. Over the last thirty years, it is up 45%.

The 4th Quarter index value was 1.37 points lower than the 3rd Quarter, 2017
index value of 176.33, resulting in a 0.78% decline for the 4th Quarter in the
Hartford Market.

The Hartford Home Price Index declined in the last quarter after increasing in
the previous 2 quarters. The current record holders for consecutive declines in
the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 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 26
consecutive quarters.

The highest annual change in the value of houses in the Hartford Real Estate
Market was 40% in the twelve months ended with the 1st Quarter of 1979. The
worst annual change in home values  in the Hartford Market was -8% in the
twelve months ended with the 4th Quarter of 1990.

The highest growth in home values in the Hartford Real Estate Market over a
three year period was 82% in the three years ended with the 4th Quarter of
1987. The worst performance over a three year period in the Hartford Market
was -13% in the three years ended with the 4th Quarter of 1992.

This page provides a long term graph of the Hartford Home Price Index (above).
For information about Connecticut 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 Hartford 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 Hartford 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 Hartford 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
4th Quarter, 2017 Housing Data: Hartford, Connecticut

The trend of Hartford 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 Hartford-West Hartford-East Hartford, CT, hereinafter referred to as
"Hartford".

Last Quarter:
During the 4th Quarter of 2017, Hartford Home Prices had a rank of 311, with
appreciation of -0.78%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Hartford Home Prices had a rank of 347, with
appreciation during the year of 0.78%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Hartford Home Prices
ranked 370, with a total appreciation of 2.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Hartford Home Prices
had a rank of 349, with appreciation during the decade of -11%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Hartford Home Prices
had a rank of 236, 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 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the Hartford Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Hartford. 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 Tuesday, March 27, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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