Missoula, MT - House Price Index (HPI)
Missoula Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Missoula, MT 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
Missoula Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  427.56
4th Quarter, 2017 Housing Statistics: Missoula, Montana


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 Missoula housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Missoula 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
Missoula is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Missoula
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Missoula housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Missoula is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Missoula is 84% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Missoula
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Missoula, Montana


Historical Home Price Appreciation
Last Quarter                         0.13%
Last Year                              5.2%
Last 5 Years                         24%
Last 10 Years                       17%
Last 20 Years                       129%



Annual Home Price Appreciation Rates
1988      -0.80%
1989      11.70%
1990      1.19%
1991      9.66%
1992      11.02%
1993      12.86%
1994      11.69%
1995      6.62%
1996      4.86%
1997      4.45%
1998      1.88%
1999      3.03%
2000      6.99%
2001      5.35%
2002      8.66%
2003      12.43%
2004      10.32%
2005      10.58%
2006      9.08%
2007      1.91%
2008      -0.38%
2009      -3.33%
2010      -1.81%
2011      -2.64%
2012      2.11%
2013      1.52%
2014      4.61%
2015      3.30%
2016      7.63%
2017      5.24%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.13%         Rank: 254 of 381 (33rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.2%           Rank: 204 of 381 (46th Percentile)
Last 5 Years                              24%            Rank: 140 of 381 (63rd Percentile)
Last 10 Years  . . . . . . . . . . . .   17%            Rank: 86 of 381 (77th Percentile)
Last 20 Years                            129%          Rank: 58 of 379 (84th Percentile)


The change in home prices for Missoula, MT are shown above for five time
periods. For example: Missoula appreciated 0.13% in the Last Quarter. At that
rate, the Missoula Real Estate Market was ranked 254th out of 381 metropolitan
Real Estate Markets. Missoula was in the 33rd percentile. So Missoula, MT
performed better in the Last Quarter than 33% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Missoula, Montana

The all time high in the Missoula Home Price Index was 264.7 in the 4th
Quarter, of 2017.  The Home Price Index indicates that the Missoula Market is
up 17% over the last 10 years. Home prices in the Missoula Real Estate Market
have gained 5.24% over the last 12 months. Over the last thirty years, it is up
360%.

The 4th Quarter index value was 0.34 points higher than the 3rd Quarter, 2017
index value of 264.39, resulting in a 0.13% rise in the 4th Quarter for the
Missoula Market.

The Missoula Home Price Index has increased for the last 14 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 26 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Missoula Real Estate
Market was 15% in the twelve months ended with the 2nd Quarter of 1990. The
worst annual change in home values  in the Missoula Market was -8% in the
twelve months ended with the 1st Quarter of 1989.

The highest growth in home values in the Missoula Real Estate Market over a
three year period was 43% in the three years ended with the 2nd Quarter of
1994. The worst performance over a three year period in the Missoula Market
was -11% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Missoula Home Price Index
(above). For information about Montana 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 Missoula 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 Missoula 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 Missoula 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
4th Quarter, 2017 Housing Data: Missoula, Montana

The trend of Missoula 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.

Last Quarter:
During the 4th Quarter of 2017, Missoula Home Prices had a rank of 254, with
appreciation of 0.13%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Missoula Home Prices had a rank of 204, with
appreciation during the year of 5.24%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Missoula Home Prices
ranked 140, with a total appreciation of 24.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Missoula Home Prices
had a rank of 86, with appreciation during the decade of 17%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Missoula Home Prices
had a rank of 58, with total growth over the 20 year period of 129%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the Missoula Real Estate
Market is available back to the 1st Quarter, of 1988. All calculations are based
on the quarterly value of the House Price Index for Missoula. 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 Tuesday, April 10, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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