New Haven, CT - House Price Index (HPI)
New Haven Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in New Haven-Milford, CT 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
New Haven Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27827
3rd Quarter, 2017 Housing Statistics: New Haven, Connecticut


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 New Haven housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for New Haven is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in New
Haven is 79% 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 New Haven
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the New Haven housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for New Haven is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in New
Haven is 79% 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 New Haven
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: New Haven, Connecticut


Historical Home Price Appreciation
Last Quarter                         0.82%
Last Year                              0.7%
Last 5 Years                         3%
Last 10 Years                       -17%
Last 20 Years                       74%
Decline From All Time High   18.21%


Annual Home Price Appreciation Rates
1987      17.71%
1988      3.26%
1989      -2.29%
1990      -7.11%
1991      -2.75%
1992      -1.49%
1993      -1.53%
1994      -7.08%
1995      4.32%
1996      -1.55%
1997      3.28%
1998      5.58%
1999      4.34%
2000      7.86%
2001      9.74%
2002      10.54%
2003      10.38%
2004      12.92%
2005      12.17%
2006      2.99%
2007      -1.55%
2008      -7.02%
2009      -5.39%
2010      -1.43%
2011      -3.78%
2012      -2.60%
2013      -1.11%
2014      0.21%
2015      1.77%
2016      1.31%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.82%         Rank: 270 of 381 (29th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.7%           Rank: 349 of 381 (8th Percentile)
Last 5 Years                              3%              Rank: 365 of 381 (4th Percentile)
Last 10 Years  . . . . . . . . . . . .   -17%           Rank: 373 of 381 (2nd Percentile)
Last 20 Years                            74%            Rank: 217 of 379 (42nd Percentile)
Decline From All Time High        18.21%

The change in home prices for New Haven-Milford, CT are shown above for five
time periods. For example: New Haven appreciated 0.82% in the Last Quarter.
At that rate, the New Haven Real Estate Market was ranked 270th out of 381
metropolitan Real Estate Markets. New Haven was in the 29th percentile. So
New Haven, CT performed better in the Last Quarter than 29% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: New Haven, Connecticut

The data and analysis on this page pertains to New Haven-Milford, CT,
hereinafter referred to as "New Haven". The all time high in the New Haven
Home Price Index was 220.5 in the 1st Quarter, of 2007. The 3rd Quarter, 2017
index value was 180.3. That's a decline of 40.15 points or 18.21% below the
New Haven Home Price Index all time high.  The Home Price Index indicates that
the New Haven Market is down 17% over the last 10 years. Home prices in the
New Haven Real Estate Market have gained 0.75% over the last 12 months.
Over the last thirty years, it is up 50%.

The 3rd Quarter index value was 1.47 points higher than the 2nd Quarter, 2017
index value of 178.85, resulting in a 0.82% rise in the 3rd Quarter for the New
Haven Market.

The New Haven Home Price Index has increased for the last 2 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 New Haven Real
Estate Market was 36% in the twelve months ended with the 1st Quarter of
1987. The worst annual change in home values  in the New Haven Market was
-8% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the New Haven Real Estate Market over a
three year period was 92% in the three years ended with the 4th Quarter of
1987. The worst performance over a three year period in the New Haven
Market was -15% in the three years ended with the 2nd Quarter of 2010.

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

The trend of New Haven 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 New Haven-Milford, CT, hereinafter referred to as "New Haven".

Last Quarter:
During the 3rd Quarter of 2017, New Haven Home Prices had a rank of 270,
with appreciation of 0.82%. 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, New Haven Home Prices had a rank of 349, with
appreciation during the year of 0.75%. 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, New Haven Home Prices
ranked 365, with a total appreciation of 3.1%. 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, New Haven Home Prices
had a rank of 373, with appreciation during the decade of -17%. 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, New Haven Home Prices
had a rank of 217, with total growth over the 20 year period of 74%. 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 New Haven Real Estate
Market is available back to the 4th Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for New Haven. 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, January 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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