Minneapolis, MN - House Price Index (HPI)
Minneapolis Real Estate Market - Home Price Forecast
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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.  Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
10
Minneapolis Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27048
2nd Quarter, 2017 Housing Statistics: Minneapolis, Minnesota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

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 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Minneapolis is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Minneapolis is 90% 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
Minneapolis Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Minneapolis housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Minneapolis is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Minneapolis is 86% 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
Minneapolis Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Minneapolis, Minnesota


Historical Home Price Appreciation
Last Quarter                         3.91%
Last Year                              7.8%
Last 5 Years                         35%
Last 10 Years                       1%
Last 20 Years                       107%
Decline From All Time High   0.52%


Annual Home Price Appreciation Rates
1987      4.62%
1988      3.92%
1989      3.72%
1990      0.30%
1991      3.82%
1992      2.59%
1993      3.81%
1994      4.10%
1995      5.60%
1996      4.45%
1997      5.60%
1998      5.91%
1999      10.23%
2000      11.45%
2001      10.66%
2002      9.12%
2003      9.34%
2004      8.72%
2005      6.81%
2006      0.85%
2007      -3.91%
2008      -7.89%
2009      -7.78%
2010      -2.21%
2011      -5.13%
2012      0.63%
2013      6.79%
2014      4.98%
2015      4.97%
2016      5.09%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.91%         Rank: 86 of 381 (77th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.8%           Rank: 109 of 381 (71st Percentile)
Last 5 Years                              35%            Rank: 92 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 221 of 381 (42nd Percentile)
Last 20 Years                            107%          Rank: 102 of 379 (73rd Percentile)
Decline From All Time High        0.52%

The change in home prices for Minneapolis-St. Paul-Bloomington, MN-WI are
shown above for five time periods. For example: Minneapolis appreciated
3.91% in the Last Quarter. At that rate, the Minneapolis Real Estate Market was
ranked 86th out of 381 metropolitan Real Estate Markets. Minneapolis was in
the 77th percentile. So Minneapolis, MN performed better in the Last Quarter
than 77% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 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 2nd Quarter, 2017 index value was 231.4. That's a decline of 1.20 points
or 0.52% below the Minneapolis Home Price Index all time high.  The Home
Price Index indicates that the Minneapolis Market is up 1% over the last 10
years. Home prices in the Minneapolis Real Estate Market have gained 7.79%
over the last 12 months. Over the last thirty years, it is up 192%.

The 2nd Quarter index value was 8.71 points higher than the 1st Quarter, 2017
index value of 222.73, resulting in a 3.91% rise in the 2nd Quarter for the
Minneapolis Market.

The Minneapolis Home Price Index has increased for the last 20 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 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 -21% 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Minneapolis Home Prices had a rank of 86,
with appreciation of 3.91%. 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, Minneapolis Home Prices had a rank of 109, with
appreciation during the year of 7.79%. 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, Minneapolis Home Prices
ranked 92, with a total appreciation of 34.7%. 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, Minneapolis Home
Prices had a rank of 221, with appreciation during the decade of 1%. 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, Minneapolis Home
Prices had a rank of 102, with total growth over the 20 year period of 107%.
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 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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, November 8, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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