Pittsburgh, PA - House Price Index (HPI)
Pittsburgh Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Pittsburgh, PA 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.
Pittsburgh Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27094
2nd Quarter, 2017 Housing Statistics: Pittsburgh, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

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 Pittsburgh housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Pittsburgh is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Pittsburgh is 89% 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 Pittsburgh
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      89%

The forecast for the trend in the Pittsburgh housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Pittsburgh is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Pittsburgh is 89% 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 Pittsburgh
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Pittsburgh, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         3.86%
Last Year                              4.3%
Last 5 Years                         20%
Last 10 Years                       25%
Last 20 Years                       87%



Annual Home Price Appreciation Rates
1987      6.90%
1988      4.43%
1989      6.58%
1990      5.51%
1991      4.94%
1992      6.44%
1993      5.29%
1994      -1.49%
1995      4.70%
1996      1.81%
1997      2.74%
1998      4.90%
1999      0.54%
2000      5.40%
2001      6.54%
2002      4.92%
2003      4.80%
2004      4.70%
2005      3.27%
2006      2.51%
2007      1.71%
2008      0.13%
2009      0.66%
2010      1.92%
2011      0.80%
2012      1.41%
2013      2.23%
2014      3.96%
2015      3.97%
2016      4.04%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.86%         Rank: 91 of 381 (76th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.3%           Rank: 237 of 381 (37th Percentile)
Last 5 Years                              20%            Rank: 173 of 381 (54th Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 32 of 381 (91st Percentile)
Last 20 Years                            87%            Rank: 161 of 379 (57th Percentile)


The change in home prices for Pittsburgh, PA are shown above for five time
periods. For example: Pittsburgh appreciated 3.86% in the Last Quarter. At that
rate, the Pittsburgh Real Estate Market was ranked 91st out of 381 metropolitan
Real Estate Markets. Pittsburgh was in the 76th percentile. So Pittsburgh, PA
performed better in the Last Quarter than 76% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Pittsburgh, Pennsylvania

The all time high in the Pittsburgh Home Price Index was 199.3 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Pittsburgh Market is
up 25% over the last 10 years. Home prices in the Pittsburgh Real Estate
Market have gained 4.29% over the last 12 months. Over the last thirty years, it
is up 180%.

The 2nd Quarter index value was 7.41 points higher than the 1st Quarter, 2017
index value of 191.88, resulting in a 3.86% rise in the 2nd Quarter for the
Pittsburgh Market.

The Pittsburgh Home Price Index increased in the last quarter after falling in the
previous 2 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 Pittsburgh Real Estate
Market was 19% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Pittsburgh Market was -7% in the
twelve months ended with the 1st Quarter of 1981.

The highest growth in home values in the Pittsburgh Real Estate Market over a
three year period was 38% in the three years ended with the 3rd Quarter of
1979. The worst performance over a three year period in the Pittsburgh Market
was -4% in the three years ended with the  of 1982.

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

The trend of Pittsburgh 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 2nd Quarter of 2017, Pittsburgh Home Prices had a rank of 91, with
appreciation of 3.86%. 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, Pittsburgh Home Prices had a rank of 237, with
appreciation during the year of 4.29%. 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, Pittsburgh Home Prices
ranked 173, with a total appreciation of 20.4%. 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, Pittsburgh Home Prices
had a rank of 32, with appreciation during the decade of 25%. 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, Pittsburgh Home Prices
had a rank of 161, with total growth over the 20 year period of 87%. 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 Pittsburgh Real Estate
Market is available back to the 4th Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Pittsburgh. 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 Friday, November 10, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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