Indianapolis, IN - House Price Index (HPI)
Indianapolis Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Indianapolis-Carmel, IN single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, June 25, 2015.  Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
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Indianapolis Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18602
3rd Quarter, 2014 Housing Statistics: Indianapolis, Indiana


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 Indianapolis housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Indianapolis 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
Indianapolis is 89% 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
Indianapolis Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Indianapolis housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Indianapolis is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Indianapolis is 87% 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
Indianapolis Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Indianapolis, Indiana


Historical Home Price Appreciation
Last Quarter                         0.78%
Last Year                              4.6%
Last 5 Years                         5%
Last 10 Years                       6%
Last 20 Years                       50%



Annual Home Price Appreciation Rates
1984      4.80%
1985      4.07%
1986      5.33%
1987      7.36%
1988      5.05%
1989      4.32%
1990      3.50%
1991      4.69%
1992      3.62%
1993      3.30%
1994      2.30%
1995      6.29%
1996      3.45%
1997      4.20%
1998      3.97%
1999      2.41%
2000      3.93%
2001      4.88%
2002      2.95%
2003      2.08%
2004      2.63%
2005      3.00%
2006      0.29%
2007      0.38%
2008      -2.08%
2009      -1.15%
2010      -0.61%
2011      -1.16%
2012      0.14%
2013      1.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.78%         Rank: 263 of 381 (31st Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.6%           Rank: 159 of 381 (58th Percentile)
Last 5 Years                              5%              Rank: 127 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 230 of 381 (39th Percentile)
Last 20 Years                            50%            Rank: 335 of 378 (11th Percentile)


The change in home prices for Indianapolis-Carmel-Anderson, IN are shown
above for five time periods. For example: Indianapolis appreciated 0.78% in the
Last Quarter. At that rate, the Indianapolis Real Estate Market was ranked
263rd out of 381 metropolitan Real Estate Markets. Indianapolis was in the 31st
percentile. So Indianapolis, IN performed better in the Last Quarter than 31% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Indianapolis, Indiana

The data and analysis on this page pertains to Indianapolis-Carmel-Anderson,
IN, hereinafter referred to as "Indianapolis". The all time high in the Indianapolis
Home Price Index was 149.0 in the 3rd Quarter, of 2014.  The Home Price Index
indicates that the Indianapolis Market is up 6% over the last 10 years. Home
prices in the Indianapolis Real Estate Market have gained 4.55% over the last
12 months. Over the last thirty years, it is up 131%.

The 3rd Quarter index value was 1.16 points higher than the 2nd Quarter, 2014
index value of 147.82, resulting in a 0.78% rise in the 3rd Quarter for the
Indianapolis Market.

The Indianapolis Home Price Index has increased for the last 3 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 Indianapolis Real
Estate Market was 17% in the twelve months ended with the 3rd Quarter of
1978. The worst annual change in home values  in the Indianapolis Market was
-7% in the twelve months ended with the 4th Quarter of 1982.

The highest growth in home values in the Indianapolis Real Estate Market over
a three year period was 41% in the three years ended with the 3rd Quarter of
1980. The worst performance over a three year period in the Indianapolis
Market was -6% in the three years ended with the 1st Quarter of 2011.

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

The trend of Indianapolis 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 Indianapolis-Carmel-Anderson, IN, hereinafter referred to as "Indianapolis".

Last Quarter:
During the 3rd Quarter of 2014, Indianapolis Home Prices had a rank of 263,
with appreciation of 0.78%. 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, Indianapolis Home Prices had a rank of 159, with
appreciation during the year of 4.55%. 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, Indianapolis Home Prices
ranked 127, with a total appreciation of 4.9%. 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, Indianapolis Home
Prices had a rank of 230, with appreciation during the decade of 6%. 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, Indianapolis Home
Prices had a rank of 335, with total growth over the 20 year period of 50%. 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 Indianapolis Real
Estate Market is available back to the 2nd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Indianapolis. 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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