New Orleans, LA - House Price Index (HPI)
New Orleans Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in New Orleans-Metairie-Kenner, LA 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
New Orleans Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18684
3rd Quarter, 2014 Housing Statistics: New Orleans, Louisiana


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 Orleans housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for New Orleans 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 Orleans is 79% 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
New Orleans Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the New Orleans housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for New Orleans is 74%. In other words, when tested against
historical data, the forecasting methodology was correct 74% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in New Orleans is 74% 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
New Orleans Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: New Orleans, Louisiana


Historical Home Price Appreciation
Last Quarter                         1.60%
Last Year                              3.2%
Last 5 Years                         5%
Last 10 Years                       23%
Last 20 Years                       106%
Decline From All Time High   2.20%


Annual Home Price Appreciation Rates
1984      0.25%
1985      -3.19%
1986      1.73%
1987      -3.96%
1988      -5.09%
1989      -0.15%
1990      1.82%
1991      4.05%
1992      5.16%
1993      6.43%
1994      4.00%
1995      6.93%
1996      5.47%
1997      5.04%
1998      5.03%
1999      2.67%
2000      4.75%
2001      6.55%
2002      5.16%
2003      6.28%
2004      8.01%
2005      10.52%
2006      10.56%
2007      -0.71%
2008      -3.09%
2009      -3.42%
2010      -1.18%
2011      -0.28%
2012      1.52%
2013      2.35%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.60%         Rank: 170 of 381 (55th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.2%           Rank: 225 of 381 (41st Percentile)
Last 5 Years                              5%              Rank: 129 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 79 of 381 (79th Percentile)
Last 20 Years                            106%          Rank: 70 of 378 (81st Percentile)
Decline From All Time High        2.20%

The change in home prices for New Orleans-Metairie, LA are shown above for
five time periods. For example: New Orleans appreciated 1.60% in the Last
Quarter. At that rate, the New Orleans Real Estate Market was ranked 170th
out of 381 metropolitan Real Estate Markets. New Orleans was in the 55th
percentile. So New Orleans, LA performed better in the Last Quarter than 55%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: New Orleans, Louisiana

The data and analysis on this page pertains to New Orleans-Metairie, LA,
hereinafter referred to as "New Orleans". The all time high in the New Orleans
Home Price Index was 208.4 in the 1st Quarter, of 2007. The 3rd Quarter, 2014
index value was 203.8. That's a decline of 4.58 points or 2.20% below the New
Orleans Home Price Index all time high.  The Home Price Index indicates that
the New Orleans Market is up 23% over the last 10 years. Home prices in the
New Orleans Real Estate Market have gained 3.18% over the last 12 months.
Over the last thirty years, it is up 125%.

The 3rd Quarter index value was 3.20 points higher than the 2nd Quarter, 2014
index value of 200.58, resulting in a 1.60% rise in the 3rd Quarter for the New
Orleans Market.

The New Orleans Home Price Index has increased for the last 3 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 New Orleans Real
Estate Market was 29% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the New Orleans Market was
-7% in the twelve months ended with the 2nd Quarter of 1988.

The highest growth in home values in the New Orleans Real Estate Market over
a three year period was 61% in the three years ended with the 3rd Quarter of
1980. The worst performance over a three year period in the New Orleans
Market was -11% in the three years ended with the 2nd Quarter of 1989.

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

The trend of New Orleans 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 Orleans-Metairie, LA, hereinafter referred to as "New Orleans".

Last Quarter:
During the 3rd Quarter of 2014, New Orleans Home Prices had a rank of 170,
with appreciation of 1.60%. 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, New Orleans Home Prices had a rank of 225, with
appreciation during the year of 3.18%. 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, New Orleans Home
Prices ranked 129, with a total appreciation of 4.8%. 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, New Orleans Home
Prices had a rank of 79, with appreciation during the decade of 23%. 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, New Orleans Home
Prices had a rank of 70, with total growth over the 20 year period of 106%. 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 New Orleans Real
Estate Market is available back to the 3rd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for New Orleans. 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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