Lewiston, ME - House Price Index (HPI)
Lewiston Real Estate Market Forecast  (ME)
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The House Price Index (HPI) shows changes in Lewiston-Auburn, ME 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.
10
Lewiston Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27785
3rd Quarter, 2017 Housing Statistics: Lewiston, Maine


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      70%

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 Lewiston housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Lewiston is 70%. In other words, when tested against historical
data, the forecasting methodology was correct 70% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lewiston is 70% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Lewiston
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      64%

The forecast for the trend in the Lewiston housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Lewiston is 64%. In other words, when tested against historical
data, the forecasting methodology was correct 64% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lewiston is 64% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Lewiston
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Lewiston, Maine


Historical Home Price Appreciation
Last Quarter                         -2.62%
Last Year                              1.7%
Last 5 Years                         10%
Last 10 Years                       -6%
Last 20 Years                       79%
Decline From All Time High   7.18%


Annual Home Price Appreciation Rates
1987        n/a
1988      16.57%
1989      11.05%
1990      -7.74%
1991      6.72%
1992      -4.49%
1993      -1.28%
1994      -6.58%
1995      5.86%
1996      0.80%
1997      -1.68%
1998      4.73%
1999      2.06%
2000      6.29%
2001      8.36%
2002      9.37%
2003      8.40%
2004      13.21%
2005      11.69%
2006      3.41%
2007      1.51%
2008      -6.71%
2009      -6.44%
2010      0.15%
2011      -1.33%
2012      -3.49%
2013      -0.66%
2014      -1.78%
2015      1.84%
2016      10.60%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.62%        Rank: 367 of 381 (3rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.7%           Rank: 334 of 381 (12th Percentile)
Last 5 Years                              10%            Rank: 288 of 381 (24th Percentile)
Last 10 Years  . . . . . . . . . . . .   -6%            Rank: 303 of 381 (20th Percentile)
Last 20 Years                            79%            Rank: 191 of 379 (49th Percentile)
Decline From All Time High        7.18%

The change in home prices for Lewiston-Auburn, ME are shown above for five
time periods. For example: Lewiston appreciated -2.62% in the Last Quarter. At
that rate, the Lewiston Real Estate Market was ranked 367th out of 381
metropolitan Real Estate Markets. Lewiston was in the 3rd percentile. So
Lewiston, ME performed better in the Last Quarter than 3% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Lewiston, Maine

The data and analysis on this page pertains to Lewiston-Auburn, ME,
hereinafter referred to as "Lewiston". The all time high in the Lewiston Home
Price Index was 205.2 in the 4th Quarter, of 2007. The 3rd Quarter, 2017 index
value was 190.4. That's a decline of 14.73 points or 7.18% below the Lewiston
Home Price Index all time high.  The Home Price Index indicates that the
Lewiston Market is down 6% over the last 10 years. Home prices in the Lewiston
Real Estate Market have gained 1.71% over the last 12 months. Over the last
thirty years, it is up 115%.

The 3rd Quarter index value was 5.12 points lower than the 2nd Quarter, 2017
index value of 195.54, resulting in a 2.62% decline for the 3rd Quarter in the
Lewiston Market.

The Lewiston Home Price Index declined in the last quarter after increasing in
the previous 6 quarters. The current record holder for consecutive declines in
the Home Price Index is Carbondale, IL, with declines in 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 25 consecutive quarters.

The highest annual change in the value of houses in the Lewiston Real Estate
Market was 22% in the twelve months ended with the 1st Quarter of 1988. The
worst annual change in home values  in the Lewiston Market was -8% in the
twelve months ended with the 4th Quarter of 1990.

The highest growth in home values in the Lewiston Real Estate Market over a
three year period was 44% in the three years ended with the 1st Quarter of
1990. The worst performance over a three year period in the Lewiston Market
was -14% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Lewiston Home Price Index
(above). For information about Maine 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 Lewiston 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 Lewiston 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 Lewiston 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, 2017 Housing Data: Lewiston, Maine

The trend of Lewiston 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 Lewiston-Auburn, ME, hereinafter referred to as "Lewiston".

Last Quarter:
During the 3rd Quarter of 2017, Lewiston Home Prices had a rank of 367, with
appreciation of -2.62%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Lewiston Home Prices had a rank of 334, with
appreciation during the year of 1.71%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Lewiston Home Prices
ranked 288, with a total appreciation of 10.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Lewiston Home Prices
had a rank of 303, with appreciation during the decade of -6%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Lewiston Home Prices
had a rank of 191, with total growth over the 20 year period of 79%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Lewiston Real Estate
Market is available back to the 2nd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Lewiston. 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 Thursday, January 18, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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