Minneapolis, MN - House Price Index (HPI)
Minneapolis Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Minneapolis-St. Paul-Bloomington, MN-WI single
family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Monday,
July 6, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Minneapolis Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18666
3rd Quarter, 2014 Housing Statistics: Minneapolis, Minnesota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 Minneapolis housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Minneapolis 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
Minneapolis is 88% 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
Minneapolis Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Minneapolis housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Minneapolis 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
Minneapolis is 88% 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
Minneapolis Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Minneapolis, Minnesota


Historical Home Price Appreciation
Last Quarter                         1.48%
Last Year                              5.8%
Last 5 Years                         4%
Last 10 Years                       -5%
Last 20 Years                       103%
Decline From All Time High   13.66%


Annual Home Price Appreciation Rates
1984      4.45%
1985      3.66%
1986      3.90%
1987      4.62%
1988      3.89%
1989      3.70%
1990      0.36%
1991      3.78%
1992      2.62%
1993      3.80%
1994      4.13%
1995      5.57%
1996      4.47%
1997      5.57%
1998      5.91%
1999      10.23%
2000      11.44%
2001      10.66%
2002      9.13%
2003      9.33%
2004      8.72%
2005      6.83%
2006      0.86%
2007      -3.84%
2008      -7.77%
2009      -7.84%
2010      -2.15%
2011      -5.02%
2012      0.74%
2013      7.09%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.48%         Rank: 182 of 381 (52nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.8%           Rank: 122 of 381 (68th Percentile)
Last 5 Years                              4%              Rank: 135 of 381 (64th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 324 of 381 (15th Percentile)
Last 20 Years                            103%          Rank: 75 of 378 (80th Percentile)
Decline From All Time High        13.66%

The change in home prices for Minneapolis-St. Paul-Bloomington, MN-WI are
shown above for five time periods. For example: Minneapolis appreciated
1.48% in the Last Quarter. At that rate, the Minneapolis Real Estate Market was
ranked 182nd out of 381 metropolitan Real Estate Markets. Minneapolis was in
the 52nd percentile. So Minneapolis, MN performed better in the Last Quarter
than 52% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Minneapolis, Minnesota

The data and analysis on this page pertains to Minneapolis-St.
Paul-Bloomington, MN-WI, hereinafter referred to as "Minneapolis". The all time
high in the Minneapolis Home Price Index was 232.6 in the 1st Quarter, of 2007.
The 3rd Quarter, 2014 index value was 200.9. That's a decline of 31.78 points
or 13.66% below the Minneapolis Home Price Index all time high.  The Home
Price Index indicates that the Minneapolis Market is down 5% over the last 10
years. Home prices in the Minneapolis Real Estate Market have gained 5.83%
over the last 12 months. Over the last thirty years, it is up 183%.

The 3rd Quarter index value was 2.92 points higher than the 2nd Quarter, 2014
index value of 197.94, resulting in a 1.48% rise in the 3rd Quarter for the
Minneapolis Market.

The Minneapolis Home Price Index has increased for the last 9 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 Minneapolis Real
Estate Market was 22% in the twelve months ended with the 1st Quarter of
1979. The worst annual change in home values  in the Minneapolis Market was
-11% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Minneapolis Real Estate Market over
a three year period was 55% in the three years ended with the 3rd Quarter of
1979. The worst performance over a three year period in the Minneapolis
Market was -20% in the three years ended with the 1st Quarter of 2011.

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

The trend of Minneapolis 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 Minneapolis-St. Paul-Bloomington, MN-WI, hereinafter referred to as
"Minneapolis".

Last Quarter:
During the 3rd Quarter of 2014, Minneapolis Home Prices had a rank of 182,
with appreciation of 1.48%. 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, Minneapolis Home Prices had a rank of 122, with
appreciation during the year of 5.83%. 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, Minneapolis Home Prices
ranked 135, with a total appreciation of 4.4%. 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, Minneapolis Home
Prices had a rank of 324, with appreciation during the decade of -5%. 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, Minneapolis Home
Prices had a rank of 75, with total growth over the 20 year period of 103%. 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 Minneapolis 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 Minneapolis. 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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