Kalamazoo, MI - House Price Index (HPI)
Kalamazoo Real Estate Market Forecast
The House Price Index (HPI) shows changes in Kalamazoo-Portage, MI 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.
Kalamazoo Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1138.56
1st Quarter, 2018 Housing Statistics: Kalamazoo, Michigan


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


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Kalamazoo housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Kalamazoo is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kalamazoo is 88% 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 Kalamazoo
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Kalamazoo, Michigan


Historical Home Price Appreciation
Last Quarter                         0.67%
Last Year                              7.2%
Last 5 Years                         25%
Last 10 Years                       11%
Last 20 Years                       51%



Annual Home Price Appreciation Rates
1988      7.74%
1989      6.01%
1990      3.90%
1991      4.90%
1992      2.53%
1993      3.22%
1994      7.85%
1995      6.66%
1996      5.98%
1997      6.45%
1998      4.24%
1999      2.89%
2000      5.62%
2001      6.06%
2002      4.06%
2003      4.29%
2004      4.55%
2005      2.49%
2006      0.11%
2007      -1.76%
2008      -5.01%
2009      -3.44%
2010      -1.53%
2011      -2.81%
2012      1.24%
2013      2.83%
2014      3.06%
2015      6.06%
2016      3.32%
2017      7.45%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.67%         Rank: 237 of 381 (37th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.2%           Rank: 133 of 381 (65th Percentile)
Last 5 Years                              25%            Rank: 144 of 381 (62nd Percentile)
Last 10 Years  . . . . . . . . . . . .   11%            Rank: 158 of 381 (58th Percentile)
Last 20 Years                            51%            Rank: 306 of 379 (19th Percentile)


The change in home prices for Kalamazoo-Portage, MI are shown above for five
time periods. For example: Kalamazoo appreciated 0.67% in the Last Quarter.
At that rate, the Kalamazoo Real Estate Market was ranked 237th out of 381
metropolitan Real Estate Markets. Kalamazoo was in the 37th percentile. So
Kalamazoo, MI performed better in the Last Quarter than 37% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Kalamazoo, Michigan

The data and analysis on this page pertains to Kalamazoo-Portage, MI,
hereinafter referred to as "Kalamazoo". The all time high in the Kalamazoo
Home Price Index was 182.6 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the Kalamazoo Market is up 11% over the last 10 years. Home
prices in the Kalamazoo Real Estate Market have gained 7.16% over the last 12
months. Over the last thirty years, it is up 151%.

The 1st Quarter index value was 1.21 points higher than the 4th Quarter, 2017
index value of 181.39, resulting in a 0.67% rise in the 1st Quarter for the
Kalamazoo Market.

The Kalamazoo Home Price Index increased in the last quarter after falling in
the previous quarter. 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 Kalamazoo Real
Estate Market was 18% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the Kalamazoo Market was
-7% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Kalamazoo Real Estate Market over a
three year period was 23% in the three years ended with the 1st Quarter of
1997. The worst performance over a three year period in the Kalamazoo Market
was -12% in the three years ended with the 1st Quarter of 2011.

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

The trend of Kalamazoo 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 Kalamazoo-Portage, MI, hereinafter referred to as "Kalamazoo".

Last Quarter:
During the 1st Quarter of 2018, Kalamazoo Home Prices had a rank of 237, with
appreciation of 0.67%. 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, Kalamazoo Home Prices had a rank of 133, with
appreciation during the year of 7.16%. 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, Kalamazoo Home Prices
ranked 144, with a total appreciation of 25.1%. 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, Kalamazoo Home Prices
had a rank of 158, with appreciation during the decade of 11%. 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, Kalamazoo Home Prices
had a rank of 306, with total growth over the 20 year period of 51%. 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 Kalamazoo Real Estate
Market is available back to the 3rd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Kalamazoo. 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 Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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