Hartford, CT - House Price Index (HPI)
Hartford Real Estate Market Forecast
The House Price Index (HPI) shows changes in Hartford-West Hartford-East Hartford, 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.
Hartford Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2636.56
3rd Quarter, 2018 Housing Statistics: Hartford, Connecticut


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 Hartford housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Hartford is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Hartford is 78% 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 Hartford Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Hartford housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Hartford is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Hartford is 78% 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 Hartford Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Hartford, Connecticut


Historical Home Price Appreciation
Last Quarter                                     2.09%
Last Year . . . . . . . . . . . . . . . . . . . .  1.9%
Last 5 Years                                     6%
Last 10 Years . . . . . . . . . . . . . . . . . -4%
Last 20 Years                                   67%
Decline From All Time High               9.59%


Annual Home Price Appreciation Rates
1988      4.73%
1989      -0.60%
1990      -8.26%
1991      -2.45%
1992      -2.36%
1993      -1.64%
1994      -6.39%
1995      1.59%
1996      -1.28%
1997      2.37%
1998      4.83%
1999      5.34%
2000      6.86%
2001      8.09%
2002      8.97%
2003      8.39%
2004      11.59%
2005      9.45%
2006      2.54%
2007      0.08%
2008      -4.69%
2009      -3.24%
2010      -0.60%
2011      -3.04%
2012      -1.64%
2013      -1.85%
2014      1.11%
2015      0.54%
2016      1.62%
2017      0.88%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.09%         Rank: 136 of 381 (64th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.9%           Rank: 335 of 381 (12th Percentile)
Last 5 Years                              6%              Rank: 365 of 381 (4th Percentile)
Last 10 Years  . . . . . . . . . . . .   -4%            Rank: 357 of 381 (6th Percentile)
Last 20 Years                            67%            Rank: 253 of 379 (33rd Percentile)
Decline From All Time High        9.59%

The change in home prices for Hartford-West Hartford-East Hartford, CT are
shown above for five time periods. For example: Hartford appreciated 2.09% in
the Last Quarter. At that rate, the Hartford Real Estate Market was ranked
136th out of 381 metropolitan Real Estate Markets. Hartford was in the 64th
percentile. So Hartford, CT performed better in the Last Quarter than 64% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Hartford, Connecticut

The data and analysis on this page pertains to Hartford-West Hartford-East
Hartford, CT, hereinafter referred to as "Hartford". The all time high in the
Hartford Home Price Index was 198.3 in the 1st Quarter, of 2007. The 3rd
Quarter, 2018 index value was 179.3. That's a decline of 19.01 points or 9.59%
below the Hartford Home Price Index all time high.  The Home Price Index
indicates that the Hartford Market is down 4% over the last 10 years. Home
prices in the Hartford Real Estate Market have gained 1.92% over the last 12
months. Over the last thirty years, it is up 41%.

The 3rd Quarter index value was 3.67 points higher than the 2nd Quarter, 2018
index value of 175.60, resulting in a 2.09% rise in the 3rd Quarter for the
Hartford Market.

The Hartford 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 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 Hartford Real Estate
Market was 40% in the twelve months ended with the 1st Quarter of 1979. The
worst annual change in home values  in the Hartford Market was -8% in the
twelve months ended with the 4th Quarter of 1990.

The highest growth in home values in the Hartford Real Estate Market over a
three year period was 82% in the three years ended with the 4th Quarter of
1987. The worst performance over a three year period in the Hartford Market
was -13% in the three years ended with the 4th Quarter of 1992.

This page provides a long term graph of the Hartford 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 Hartford 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 Hartford 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 Hartford 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: Hartford, Connecticut

The trend of Hartford 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 Hartford-West Hartford-East Hartford, CT, hereinafter referred to as
"Hartford".

Last Quarter:
During the 3rd Quarter of 2018, Hartford Home Prices had a rank of 136, with
appreciation of 2.09%. 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, Hartford Home Prices had a rank of 335, with
appreciation during the year of 1.92%. 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, Hartford Home Prices
ranked 365, with a total appreciation of 5.9%. 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, Hartford Home Prices
had a rank of 357, with appreciation during the decade of -4%. 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, Hartford Home Prices
had a rank of 253, with total growth over the 20 year period of 67%. 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 Hartford Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Hartford. 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 Saturday, December 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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