Pittsfield, MA - House Price Index (HPI)
Pittsfield Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Pittsfield, MA 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.
Pittsfield Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27857
3rd Quarter, 2017 Housing Statistics: Pittsfield, Massachusetts


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      66%

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 Pittsfield housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Pittsfield is 66%. In other words, when tested against historical
data, the forecasting methodology was correct 66% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Pittsfield is 66% 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 Pittsfield Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      68%

The forecast for the trend in the Pittsfield housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Pittsfield is 68%. In other words, when tested against historical data, the
forecasting methodology was correct 68% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Pittsfield is 68% 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 Pittsfield Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Pittsfield, Massachusetts


Historical Home Price Appreciation
Last Quarter                         1.16%
Last Year                              0.6%
Last 5 Years                         4%
Last 10 Years                       -3%
Last 20 Years                       89%
Decline From All Time High   4.75%


Annual Home Price Appreciation Rates
1987      12.55%
1988      5.98%
1989      6.39%
1990      -6.27%
1991      -4.28%
1992      -4.67%
1993      0.86%
1994      -2.27%
1995      4.89%
1996      5.57%
1997      -1.48%
1998      -0.49%
1999      4.04%
2000      7.95%
2001      6.10%
2002      10.04%
2003      10.60%
2004      12.65%
2005      8.24%
2006      6.39%
2007      0.57%
2008      -1.62%
2009      -4.12%
2010      0.20%
2011      -1.69%
2012      -1.90%
2013      -0.73%
2014      0.09%
2015      3.11%
2016      1.88%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.16%         Rank: 225 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.6%           Rank: 350 of 381 (8th Percentile)
Last 5 Years                              4%              Rank: 360 of 381 (5th Percentile)
Last 10 Years  . . . . . . . . . . . .   -3%            Rank: 290 of 381 (23rd Percentile)
Last 20 Years                            89%            Rank: 156 of 379 (58th Percentile)
Decline From All Time High        4.75%

The change in home prices for Pittsfield, MA are shown above for five time
periods. For example: Pittsfield appreciated 1.16% in the Last Quarter. At that
rate, the Pittsfield Real Estate Market was ranked 225th out of 381 metropolitan
Real Estate Markets. Pittsfield was in the 41st percentile. So Pittsfield, MA
performed better in the Last Quarter than 41% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Pittsfield, Massachusetts

The all time high in the Pittsfield Home Price Index was 220.2 in the 1st Quarter,
of 2007. The 3rd Quarter, 2017 index value was 209.8. That's a decline of
10.47 points or 4.75% below the Pittsfield Home Price Index all time high.  The
Home Price Index indicates that the Pittsfield Market is down 3% over the last 10
years. Home prices in the Pittsfield Real Estate Market have gained 0.62% over
the last 12 months. Over the last thirty years, it is up 90%.

The 3rd Quarter index value was 2.41 points higher than the 2nd Quarter, 2017
index value of 207.34, resulting in a 1.16% rise in the 3rd Quarter for the
Pittsfield Market.

The Pittsfield 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 Pittsfield Real Estate
Market was 18% in the twelve months ended with the 2nd Quarter of 1987. The
worst annual change in home values  in the Pittsfield Market was -9% in the
twelve months ended with the 1st Quarter of 1995.

The highest growth in home values in the Pittsfield Real Estate Market over a
three year period was 38% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Pittsfield Market
was -15% in the three years ended with the 3rd Quarter of 1992.

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

The trend of Pittsfield 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, Pittsfield Home Prices had a rank of 225, with
appreciation of 1.16%. 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, Pittsfield Home Prices had a rank of 350, with
appreciation during the year of 0.62%. 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, Pittsfield Home Prices
ranked 360, with a total appreciation of 3.9%. 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, Pittsfield Home Prices
had a rank of 290, with appreciation during the decade of -3%. 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, Pittsfield Home Prices
had a rank of 156, with total growth over the 20 year period of 89%. 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 Pittsfield Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Pittsfield. 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 Monday, January 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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