| Miami, FL - House Price Index (HPI) - 32 Year Chart |
| Miami Real Estate Market Forecast |
| 100 |
| 1000 |
The House Price Index (HPI) shows changes in Miami-Miami Beach-Kendall, FL single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28,
2012. See real estate forecasts, analysis, statistics and appreciation rates below.
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28,
2012. See real estate forecasts, analysis, statistics and appreciation rates below.
| Miami Real Estate Index: 32 Year Chart Home Values Appreciation Rate - US Cities |
| 10 |
Miami Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13328
4th Quarter, 2012 Housing Statistics: Miami, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 85%
Forecast-Chart.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 Miami housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Miami is 85%. In other words, when tested against historical data,
the forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Miami is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 82%
The forecast for the trend in the Miami housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Miami is 82%. In other words, when tested against historical data, the
forecasting methodology was correct 82% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Miami is 82% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Miami, Florida
Historical Home Price Appreciation
Last Quarter 3.61%
Last Year 4.2%
Last 5 Years -40%
Last 10 Years 18%
Last 20 Years 120%
Decline From All Time High 42.53%
Annual Home Price Appreciation Rates
1983 -1.33%
1984 -0.94%
1985 -1.96%
1986 5.82%
1987 4.84%
1988 6.19%
1989 3.05%
1990 2.29%
1991 4.33%
1992 2.52%
1993 8.70%
1994 2.15%
1995 6.38%
1996 1.75%
1997 2.73%
1998 5.29%
1999 2.39%
2000 7.99%
2001 13.10%
2002 14.53%
2003 14.83%
2004 20.54%
2005 27.78%
2006 14.62%
2007 -1.93%
2008 -27.99%
2009 -13.75%
2010 -3.39%
2011 -4.85%
2012 4.24%
Real Estate Appreciation, Rank & Percentile
Last Quarter 3.61% Rank: 5 of 381 (98th Percentile)
Last Year . . . . . . . . . . . . . . . . 4.2% Rank: 21 of 381 (94th Percentile)
Last 5 Years -40% Rank: 362 of 381 (5th Percentile)
Last 10 Years . . . . . . . . . . . . 18% Rank: 186 of 381 (51st Percentile)
Last 20 Years 120% Rank: 33 of 368 (91st Percentile)
Decline From All Time High 42.53%
Home Price appreciation rates for Miami-Miami Beach-Kendall, FL are shown
above for five time periods. For example: Miami appreciated 3.61% in the Last
Quarter. At that rate, the Miami Real Estate Market was ranked 5th out of 381
metropolitan areas for Real Estate Appreciation. Miami was in the 98th
percentile. So Miami, FL performed better in the Last Quarter than 98% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Miami, Florida
The data and analysis on this page pertains to Miami-Miami Beach-Kendall, FL,
hereinafter referred to as "Miami". The all time high in the Miami Home Price
Index was 341.8 in the 2nd Quarter, of 2007. The 4th Quarter, 2012 index value
was 196.4. That's a decline of 145.38 points or 42.53% below the Miami Home
Price Index all time high. The Home Price Index indicates that the Miami Market
is up 18% over the last 10 years. Home prices in the Miami Real Estate Market
have gained 4.24% over the last 12 months. Over the last thirty years, it is up
180%.
The 4th Quarter index value was 6.85 points higher than the 3rd Quarter, 2012
index value of 189.59, resulting in a 3.61% rise in the 4th Quarter for the Miami
Market.
The Miami Home Price Index has increased for the last 3 consecutive quarters.
The current record holder for consecutive increases in the Home Price Index is
Bismarck, ND, with increases in the last 11 consecutive quarters. The current
record holder for consecutive declines in the Home Price Index is Tallahassee,
FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Miami Real Estate Market
was 28% in the twelve months ended with the 1st Quarter of 2006. The worst
annual home appreciation rate in the Miami Market was -28% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Miami Real Estate Market over a three
year period was 82% in the three years ended with the 3rd Quarter of 2006.
The worst home appreciation over a three year period in the Miami Market was
-42% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Miami Home Price Index (above).
For information about Florida home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Florida.
Another link opens the home price index chart for Florida. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Miami Home Prices
will be at your fingertips when you need them.
Historical data on the Miami Home Price Index is available back to the 2nd
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Miami 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 Miami 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
4th Quarter, 2012 Housing Data: Miami, Florida
The appreciation of Miami 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 Miami-Miami Beach-Kendall, FL, hereinafter referred to as "Miami".
Last Quarter:
During the 4th Quarter of 2012, Miami Home Prices had a rank of 5, with
appreciation of 3.61%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Miami Home Prices had a rank of 21, with
appreciation during the year of 4.24%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Miami Home Prices
ranked 362, with a total appreciation of -40.5%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Miami Home Prices had
a rank of 186, with appreciation during the decade of 18%. The top performing
market during the period was Midland, TX, with appreciation of 104%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Miami Home Prices had
a rank of 33, with total appreciation over the 20 year period of 120%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Miami Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Miami. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Miami, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 85%
Forecast-Chart.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 Miami housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Miami is 85%. In other words, when tested against historical data,
the forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Miami is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 82%
The forecast for the trend in the Miami housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Miami is 82%. In other words, when tested against historical data, the
forecasting methodology was correct 82% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Miami is 82% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Miami Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Miami, Florida
Historical Home Price Appreciation
Last Quarter 3.61%
Last Year 4.2%
Last 5 Years -40%
Last 10 Years 18%
Last 20 Years 120%
Decline From All Time High 42.53%
Annual Home Price Appreciation Rates
1983 -1.33%
1984 -0.94%
1985 -1.96%
1986 5.82%
1987 4.84%
1988 6.19%
1989 3.05%
1990 2.29%
1991 4.33%
1992 2.52%
1993 8.70%
1994 2.15%
1995 6.38%
1996 1.75%
1997 2.73%
1998 5.29%
1999 2.39%
2000 7.99%
2001 13.10%
2002 14.53%
2003 14.83%
2004 20.54%
2005 27.78%
2006 14.62%
2007 -1.93%
2008 -27.99%
2009 -13.75%
2010 -3.39%
2011 -4.85%
2012 4.24%
Real Estate Appreciation, Rank & Percentile
Last Quarter 3.61% Rank: 5 of 381 (98th Percentile)
Last Year . . . . . . . . . . . . . . . . 4.2% Rank: 21 of 381 (94th Percentile)
Last 5 Years -40% Rank: 362 of 381 (5th Percentile)
Last 10 Years . . . . . . . . . . . . 18% Rank: 186 of 381 (51st Percentile)
Last 20 Years 120% Rank: 33 of 368 (91st Percentile)
Decline From All Time High 42.53%
Home Price appreciation rates for Miami-Miami Beach-Kendall, FL are shown
above for five time periods. For example: Miami appreciated 3.61% in the Last
Quarter. At that rate, the Miami Real Estate Market was ranked 5th out of 381
metropolitan areas for Real Estate Appreciation. Miami was in the 98th
percentile. So Miami, FL performed better in the Last Quarter than 98% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Miami, Florida
The data and analysis on this page pertains to Miami-Miami Beach-Kendall, FL,
hereinafter referred to as "Miami". The all time high in the Miami Home Price
Index was 341.8 in the 2nd Quarter, of 2007. The 4th Quarter, 2012 index value
was 196.4. That's a decline of 145.38 points or 42.53% below the Miami Home
Price Index all time high. The Home Price Index indicates that the Miami Market
is up 18% over the last 10 years. Home prices in the Miami Real Estate Market
have gained 4.24% over the last 12 months. Over the last thirty years, it is up
180%.
The 4th Quarter index value was 6.85 points higher than the 3rd Quarter, 2012
index value of 189.59, resulting in a 3.61% rise in the 4th Quarter for the Miami
Market.
The Miami Home Price Index has increased for the last 3 consecutive quarters.
The current record holder for consecutive increases in the Home Price Index is
Bismarck, ND, with increases in the last 11 consecutive quarters. The current
record holder for consecutive declines in the Home Price Index is Tallahassee,
FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Miami Real Estate Market
was 28% in the twelve months ended with the 1st Quarter of 2006. The worst
annual home appreciation rate in the Miami Market was -28% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Miami Real Estate Market over a three
year period was 82% in the three years ended with the 3rd Quarter of 2006.
The worst home appreciation over a three year period in the Miami Market was
-42% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Miami Home Price Index (above).
For information about Florida home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Florida.
Another link opens the home price index chart for Florida. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Miami Home Prices
will be at your fingertips when you need them.
Historical data on the Miami Home Price Index is available back to the 2nd
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Miami 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 Miami 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
4th Quarter, 2012 Housing Data: Miami, Florida
The appreciation of Miami 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 Miami-Miami Beach-Kendall, FL, hereinafter referred to as "Miami".
Last Quarter:
During the 4th Quarter of 2012, Miami Home Prices had a rank of 5, with
appreciation of 3.61%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Miami Home Prices had a rank of 21, with
appreciation during the year of 4.24%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Miami Home Prices
ranked 362, with a total appreciation of -40.5%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Miami Home Prices had
a rank of 186, with appreciation during the decade of 18%. The top performing
market during the period was Midland, TX, with appreciation of 104%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Miami Home Prices had
a rank of 33, with total appreciation over the 20 year period of 120%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Miami Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Miami. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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