Monroe, MI - House Price Index (HPI)
Monroe Real Estate Market - Home Price Forecast (MI)
100
1000
The House Price Index (HPI) shows changes in Monroe, MI 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
Monroe Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27815
3rd Quarter, 2017 Housing Statistics: Monroe, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      91%

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 Monroe housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Monroe is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Monroe is 91% 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 Monroe Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Monroe housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Monroe 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
Monroe is 86% 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 Monroe Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Monroe, Michigan


Historical Home Price Appreciation
Last Quarter                         1.97%
Last Year                              5.9%
Last 5 Years                         31%
Last 10 Years                       1%
Last 20 Years                       36%
Decline From All Time High   9.02%


Annual Home Price Appreciation Rates
1987      8.51%
1988      6.44%
1989      9.88%
1990      7.31%
1991      4.24%
1992      3.05%
1993      3.99%
1994      7.18%
1995      7.85%
1996      8.32%
1997      7.12%
1998      5.63%
1999      7.56%
2000      5.92%
2001      5.52%
2002      2.95%
2003      4.13%
2004      5.45%
2005      2.45%
2006      -4.11%
2007      -7.20%
2008      -13.42%
2009      -4.43%
2010      -1.11%
2011      -4.23%
2012      0.46%
2013      3.95%
2014      7.45%
2015      3.75%
2016      6.08%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.97%         Rank: 143 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.9%           Rank: 170 of 381 (55th Percentile)
Last 5 Years                              31%            Rank: 112 of 381 (70th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 242 of 381 (36th Percentile)
Last 20 Years                            36%            Rank: 353 of 379 (6th Percentile)
Decline From All Time High        9.02%

The change in home prices for Monroe, MI are shown above for five time
periods. For example: Monroe appreciated 1.97% in the Last Quarter. At that
rate, the Monroe Real Estate Market was ranked 143rd out of 381 metropolitan
Real Estate Markets. Monroe was in the 62nd percentile. So Monroe, MI
performed better in the Last Quarter than 62% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Monroe, Michigan

The all time high in the Monroe Home Price Index was 179.4 in the 4th Quarter,
of 2005. The 3rd Quarter, 2017 index value was 163.2. That's a decline of
16.18 points or 9.02% below the Monroe Home Price Index all time high.  The
Home Price Index indicates that the Monroe Market is up 1% over the last 10
years. Home prices in the Monroe Real Estate Market have gained 5.92% over
the last 12 months. Over the last thirty years, it is up 158%.

The 3rd Quarter index value was 3.15 points higher than the 2nd Quarter, 2017
index value of 160.09, resulting in a 1.97% rise in the 3rd Quarter for the
Monroe Market.

The Monroe Home Price Index has increased for the last 7 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 current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Monroe Real Estate
Market was 14% in the twelve months ended with the 4th Quarter of 1983. The
worst annual change in home values  in the Monroe Market was -13% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Monroe Real Estate Market over a
three year period was 32% in the three years ended with the 1st Quarter of
1989. The worst performance over a three year period in the Monroe Market
was -24% in the three years ended with the 1st Quarter of 2010.

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

The trend of Monroe 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 3rd Quarter of 2017, Monroe Home Prices had a rank of 143, with
appreciation of 1.97%. 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, Monroe Home Prices had a rank of 170, with
appreciation during the year of 5.92%. 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, Monroe Home Prices
ranked 112, with a total appreciation of 30.7%. 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, Monroe Home Prices
had a rank of 242, with appreciation during the decade of 1%. 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, Monroe Home Prices
had a rank of 353, with total growth over the 20 year period of 36%. 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 Monroe Real Estate
Market is available back to the 4th Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Monroe. 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, January 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030