Bangor, ME - House Price Index (HPI)
Bangor Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Bangor, ME 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
Bangor Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2513.56
3rd Quarter, 2018 Housing Statistics: Bangor, Maine


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      63%

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 Bangor housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Bangor is 63%. In other words, when tested against historical
data, the forecasting methodology was correct 63% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bangor is 63% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Bangor Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      66%

The forecast for the trend in the Bangor housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Bangor 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
Bangor is 66% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Bangor Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Bangor, Maine


Historical Home Price Appreciation
Last Quarter                                     1.55%
Last Year . . . . . . . . . . . . . . . . . . . .  7.5%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . 1%
Last 20 Years                                   74%
Decline From All Time High               2.63%


Annual Home Price Appreciation Rates
1988        n/a
1989      2.84%
1990      3.37%
1991      -2.38%
1992      3.45%
1993      2.34%
1994      -4.59%
1995      2.38%
1996      1.23%
1997      4.26%
1998      3.36%
1999      0.41%
2000      5.12%
2001      9.07%
2002      8.20%
2003      8.25%
2004      10.42%
2005      9.33%
2006      6.04%
2007      1.59%
2008      -6.09%
2009      -1.39%
2010      0.39%
2011      -2.89%
2012      -1.57%
2013      -0.64%
2014      2.37%
2015      -1.57%
2016      3.11%
2017      3.90%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.55%         Rank: 196 of 381 (48th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.5%           Rank: 128 of 381 (66th Percentile)
Last 5 Years                              14%            Rank: 297 of 381 (22nd Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 332 of 381 (12th Percentile)
Last 20 Years                            74%            Rank: 223 of 379 (41st Percentile)
Decline From All Time High        2.63%

The change in home prices for Bangor, ME are shown above for five time
periods. For example: Bangor appreciated 1.55% in the Last Quarter. At that
rate, the Bangor Real Estate Market was ranked 196th out of 381 metropolitan
Real Estate Markets. Bangor was in the 48th percentile. So Bangor, ME
performed better in the Last Quarter than 48% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Bangor, Maine

The all time high in the Bangor Home Price Index was 199.1 in the 1st Quarter,
of 2008. The 3rd Quarter, 2018 index value was 193.8. That's a decline of 5.24
points or 2.63% below the Bangor Home Price Index all time high.  The Home
Price Index indicates that the Bangor Market is up 1% over the last 10 years.
Home prices in the Bangor Real Estate Market have gained 7.45% over the last
12 months.

The 3rd Quarter index value was 2.95 points higher than the 2nd Quarter, 2018
index value of 190.86, resulting in a 1.55% rise in the 3rd Quarter for the
Bangor Market.

The Bangor Home Price Index increased in the last quarter after falling in the
previous quarter. 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 29 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Winchester, VA; Trenton, NJ;
Peoria, IL; Great Falls, MT and Fayetteville, NC, with declines in the last 2
consecutive quarters.

The highest annual change in the value of houses in the Bangor Real Estate
Market was 15% in the twelve months ended with the 1st Quarter of 2005. The
worst annual change in home values  in the Bangor Market was -7% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Bangor Real Estate Market over a
three year period was 33% in the three years ended with the 1st Quarter of
2005. The worst performance over a three year period in the Bangor Market
was -11% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Bangor Home Price Index (above).
For information about Maine 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 Bangor 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 Bangor 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 Bangor 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, 2018 Housing Data: Bangor, Maine

The trend of Bangor 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 2018, Bangor Home Prices had a rank of 196, with
appreciation of 1.55%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Bangor Home Prices had a rank of 128, with
appreciation during the year of 7.45%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Bangor Home Prices
ranked 297, with a total appreciation of 14.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Bangor Home Prices
had a rank of 332, with appreciation during the decade of 1%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Bangor Home Prices
had a rank of 223, 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 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Bangor Real Estate
Market is available back to the 4th Quarter, of 1988. All calculations are based
on the quarterly value of the House Price Index for Bangor. 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 Thursday, December 20, 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