The House Price Index (HPI) shows changes in Bridgeport-Stamford-Norwalk, CT single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 21,
2012. See real estate forecasts, analysis, statistics and appreciation rates below.
Bridgeport Real Estate Market & Home Price Forecast
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Bridgeport, CT - House Price Index (HPI) - 31 Year Chart
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Bridgeport Real Estate Market: Trend, Analysis & Statistics
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Commentary 13155
4th Quarter, 2012 Housing Statistics: Bridgeport, Connecticut
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 80%
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 Bridgeport housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Bridgeport is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Bridgeport is 80% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Bridgeport Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 79%
The forecast for the trend in the Bridgeport housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Bridgeport is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Bridgeport is 79% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Bridgeport
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Bridgeport, Connecticut
Historical Home Price Appreciation
Last Quarter -0.25%
Last Year . . . . . . . . . . . . . . . . . . . . -2.0%
Last 5 Years -18%
Last 10 Years . . . . . . . . . . . . . . . . . 13%
Last 20 Years 87%
Decline From All Time High 20.04%
Annual Home Price Appreciation Rates
1983 7.28%
1984 20.57%
1985 25.05%
1986 31.69%
1987 8.17%
1988 -2.08%
1989 -1.00%
1990 -8.75%
1991 0.40%
1992 0.92%
1993 0.19%
1994 -2.82%
1995 4.10%
1996 0.05%
1997 4.31%
1998 6.64%
1999 7.64%
2000 11.90%
2001 10.02%
2002 10.85%
2003 9.08%
2004 13.28%
2005 11.82%
2006 1.12%
2007 -2.04%
2008 -6.75%
2009 -6.77%
2010 -0.73%
2011 -2.57%
2012 -2.02%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.25% Rank: 297 of 381 (22nd Percentile)
Last Year . . . . . . . . . . . . . . . . -2.0% Rank: 320 of 381 (16th Percentile)
Last 5 Years -18% Rank: 268 of 381 (29th Percentile)
Last 10 Years . . . . . . . . . . . . 13% Rank: 241 of 381 (36th Percentile)
Last 20 Years 87% Rank: 130 of 368 (64th Percentile)
Decline From All Time High 20.04%
Home Price appreciation rates for Bridgeport-Stamford-Norwalk, CT are shown
above for five time periods. For example: Bridgeport appreciated -0.25% in the
Last Quarter. At that rate, the Bridgeport Real Estate Market was ranked 297th
out of 381 metropolitan areas for Real Estate Appreciation. Bridgeport was in
the 22nd percentile. So Bridgeport, CT performed better in the Last Quarter
than 22% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Bridgeport, Connecticut
The data and analysis on this page pertains to Bridgeport-Stamford-Norwalk,
CT, hereinafter referred to as "Bridgeport". The all time high in the Bridgeport
Home Price Index was 241.4 in the 2nd Quarter, of 2006. The 4th Quarter,
2012 index value was 193.1. That's a decline of 48.39 points or 20.04% below
the Bridgeport Home Price Index all time high. The Home Price Index indicates
that the Bridgeport Market is up 13% over the last 10 years. Home Prices in the
Bridgeport Real Estate Market have lost 2.02% over the last 12 months. Over
the last thirty years, it is up 286%.
The 4th Quarter index value was 0.48 points lower than the 3rd Quarter, 2012
index value of 193.53, resulting in a 0.25% decline for the 4th Quarter in the
Bridgeport Market.
The Bridgeport Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holder for consecutive declines in the
Home Price Index is Tallahassee, FL, with declines in the last 5 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 highest annual home appreciation rate in the Bridgeport Real Estate
Market was 32% in the twelve months ended with the 1st Quarter of 1987. The
worst annual home appreciation rate in the Bridgeport Market was -9% in the
twelve months ended with the 4th Quarter of 1990.
The highest home appreciation in the Bridgeport Real Estate Market over a
three year period was 99% in the three years ended with the 4th Quarter of
1986. The worst home appreciation over a three year period in the Bridgeport
Market was -17% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Bridgeport Home Price Index
(above). For information about Connecticut home values, look at the links
under that chart. One link opens a forecast for home appreciation rates in the
state of Connecticut. Another link opens the home price index chart for
Connecticut. 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 Bridgeport Home Prices will be at your fingertips when you need
them.
Historical data on the Bridgeport Home Price Index is available back to the 1st
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Bridgeport 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 Bridgeport 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: Bridgeport, Connecticut
The appreciation of Bridgeport 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 Bridgeport-Stamford-Norwalk, CT, hereinafter referred to as "Bridgeport".
Last Quarter:
During the 4th Quarter of 2012, Bridgeport Home Prices had a rank of 297, with
appreciation of -0.25%. 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, Bridgeport Home Prices had a rank of 320, with
appreciation during the year of -2.02%. 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, Bridgeport Home Prices
ranked 268, with a total appreciation of -17.6%. 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, Bridgeport Home Prices
had a rank of 241, with appreciation during the decade of 13%. 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, Bridgeport Home Prices
had a rank of 130, with total appreciation over the 20 year period of 87%. 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 Bridgeport Real Estate
Market is available back to the 1st Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Bridgeport. 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.)
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