Washington, DC - House Price Index (HPI)
Washington DC Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Washington-Arlington-Alexandria, DC-VA-MD-WV
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
Washington Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2849.56
3rd Quarter, 2018 Housing Statistics: Washington, Washington DC


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

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 Washington housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Washington is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Washington is 73% 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
Washington Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Washington housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Washington 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
Washington is 74% 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
Washington Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Washington, Washington DC


Historical Home Price Appreciation
Last Quarter                         1.65%
Last Year                              5.3%
Last 5 Years                         25%
Last 10 Years                       23%
Last 20 Years                       165%



Annual Home Price Appreciation Rates
1988      14.66%
1989      7.85%
1990      -1.19%
1991      1.60%
1992      0.38%
1993      0.50%
1994      -2.45%
1995      2.56%
1996      -0.60%
1997      1.77%
1998      3.30%
1999      5.26%
2000      10.56%
2001      12.03%
2002      12.04%
2003      12.87%
2004      22.55%
2005      23.75%
2006      4.80%
2007      -5.89%
2008      -15.07%
2009      -5.07%
2010      0.04%
2011      -0.15%
2012      1.38%
2013      5.51%
2014      5.21%
2015      3.49%
2016      4.17%
2017      4.22%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.65%         Rank: 185 of 381 (51st Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.3%           Rank: 231 of 381 (39th Percentile)
Last 5 Years                              25%            Rank: 188 of 381 (50th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 142 of 381 (62nd Percentile)
Last 20 Years                            165%          Rank: 31 of 379 (92nd Percentile)


The change in home prices for Washington-Arlington-Alexandria,
DC-VA-MD-WV are shown above for five time periods. For example:
Washington appreciated 1.65% in the Last Quarter. At that rate, the
Washington Real Estate Market was ranked 185th out of 381 metropolitan Real
Estate Markets. Washington was in the 51st percentile. So Washington, DC
performed better in the Last Quarter than 51% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Washington, Washington DC

The data and analysis on this page pertains to
Washington-Arlington-Alexandria, DC-VA-MD-WV, hereinafter referred to as
"Washington". The all time high in the Washington Home Price Index was 282.4
in the 3rd Quarter, of 2018.  The Home Price Index indicates that the
Washington Market is up 23% over the last 10 years. Home prices in the
Washington Real Estate Market have gained 5.31% over the last 12 months.
Over the last thirty years, it is up 208%.

The 3rd Quarter index value was 4.57 points higher than the 2nd Quarter, 2018
index value of 277.81, resulting in a 1.65% rise in the 3rd Quarter for the
Washington Market.

The Washington Home Price Index has increased for the last 6 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 Washington Real
Estate Market was 27% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Washington Market was
-16% in the twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the Washington Real Estate Market over
a three year period was 71% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Washington
Market was -24% in the three years ended with the 1st Quarter of 2010.

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

The trend of Washington 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 Washington-Arlington-Alexandria, DC-VA-MD-WV, hereinafter referred to as
"Washington".

Last Quarter:
During the 3rd Quarter of 2018, Washington Home Prices had a rank of 185,
with appreciation of 1.65%. 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, Washington Home Prices had a rank of 231, with
appreciation during the year of 5.31%. 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, Washington Home Prices
ranked 188, with a total appreciation of 24.6%. 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, Washington Home
Prices had a rank of 142, with appreciation during the decade of 23%. 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, Washington Home
Prices had a rank of 31, with total growth over the 20 year period of 165%. 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 Washington Real
Estate Market is available back to the 1st Quarter, of 1976. All calculations are
based on the quarterly value of the House Price Index for Washington. 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, February 1, 2019.
SignalTrend  Inc. 2008 - 2019; 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