Miami, FL - House Price Index (HPI)
Miami Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Miami-Miami Beach-Kendall, FL 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
Miami Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27044
2nd Quarter, 2017 Housing Statistics: Miami, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Miami housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Miami is 85%. In other words, when tested against historical data,
the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Miami is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Miami housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Miami is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Miami is 76% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Miami, Florida


Historical Home Price Appreciation
Last Quarter                         2.36%
Last Year                              8.8%
Last 5 Years                         67%
Last 10 Years                       -12%
Last 20 Years                       182%
Decline From All Time High   11.63%


Annual Home Price Appreciation Rates
1987      4.85%
1988      6.26%
1989      3.06%
1990      2.26%
1991      4.36%
1992      2.51%
1993      8.76%
1994      2.06%
1995      6.38%
1996      1.83%
1997      2.72%
1998      5.28%
1999      2.38%
2000      7.99%
2001      13.12%
2002      14.52%
2003      14.95%
2004      20.62%
2005      28.01%
2006      14.50%
2007      -1.79%
2008      -28.74%
2009      -14.95%
2010      -3.30%
2011      -5.04%
2012      5.04%
2013      12.48%
2014      11.37%
2015      9.48%
2016      8.91%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.36%         Rank: 206 of 381 (46th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.8%           Rank: 77 of 381 (80th Percentile)
Last 5 Years                              67%            Rank: 25 of 381 (93rd Percentile)
Last 10 Years  . . . . . . . . . . . .   -12%           Rank: 325 of 381 (14th Percentile)
Last 20 Years                            182%          Rank: 16 of 379 (96th Percentile)
Decline From All Time High        11.63%

The change in home prices for Miami-Miami Beach-Kendall, FL are shown
above for five time periods. For example: Miami appreciated 2.36% in the Last
Quarter. At that rate, the Miami Real Estate Market was ranked 206th out of
381 metropolitan Real Estate Markets. Miami was in the 46th percentile. So
Miami, FL performed better in the Last Quarter than 46% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Miami, Florida

The data and analysis on this page pertains to Miami-Miami Beach-Kendall, FL,
hereinafter referred to as "Miami". The all time high in the Miami Home Price
Index was 343.3 in the 2nd Quarter, of 2007. The 2nd Quarter, 2017 index
value was 303.4. That's a decline of 39.92 points or 11.63% below the Miami
Home Price Index all time high.  The Home Price Index indicates that the Miami
Market is down 12% over the last 10 years. Home prices in the Miami Real
Estate Market have gained 8.78% over the last 12 months. Over the last thirty
years, it is up 318%.

The 2nd Quarter index value was 6.99 points higher than the 1st Quarter, 2017
index value of 296.40, resulting in a 2.36% rise in the 2nd Quarter for the Miami
Market.

The Miami Home Price Index has increased for the last 21 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 24
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Manhattan, KS and Longview, TX, with declines in the
last 3 consecutive quarters.

The highest annual change in the value of houses in the Miami Real Estate
Market was 28% in the twelve months ended with the 4th Quarter of 2005. The
worst annual change in home values  in the Miami Market was -29% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Miami Real Estate Market over a
three year period was 83% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Miami Market was
-44% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Miami Home Price Index (above).
For information about Florida 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 Miami 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 Miami 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 Miami 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
2nd Quarter, 2017 Housing Data: Miami, Florida

The trend of Miami 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 Miami-Miami Beach-Kendall, FL, hereinafter referred to as "Miami".

Last Quarter:
During the 2nd Quarter of 2017, Miami Home Prices had a rank of 206, with
appreciation of 2.36%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Miami Home Prices had a rank of 77, with
appreciation during the year of 8.78%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Miami Home Prices
ranked 25, with a total appreciation of 66.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Miami Home Prices had
a rank of 325, with appreciation during the decade of -12%. The top performing
market during the period was Austin, TX, with a rise of 62%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Miami Home Prices had
a rank of 16, with total growth over the 20 year period of 182%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
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 Miami Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Miami. 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, November 5, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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