Great Falls, MT - House Price Index (HPI)
Great Falls Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Great Falls, MT single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, June 28, 2013. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
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Great Falls Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  14769
2nd Quarter, 2013 Housing Statistics: Great Falls, Montana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 Great Falls housing market for the 12
months ending with the 2nd Quarter of 2014 is UP. The Accuracy of the Trend
Projection for Great Falls is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Great Falls is 81% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2014 than they were in the 2nd
Quarter of 2013. Check this page each quarter for updates to the Great Falls
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Great Falls housing market for the 3 years
ending with the 2nd Quarter of 2016 is UP. The Accuracy of the Trend
Prediction for Great Falls is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Great Falls is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2016 than they were in the 2nd
Quarter of 2013. Check this page each quarter for updates to the Great Falls
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2013 Housing Data: Great Falls, Montana


Historical Home Price Appreciation
Last Quarter                                     0.27%
Last Year . . . . . . . . . . . . . . . . . . . .  5.2%
Last 5 Years                                     4%
Last 10 Years . . . . . . . . . . . . . . . . . 44%
Last 20 Years                                   113%



Annual Home Price Appreciation Rates
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      5.61%
1994      4.27%
1995      7.04%
1996      3.44%
1997      5.64%
1998      4.92%
1999      -0.43%
2000      4.66%
2001      2.50%
2002      3.66%
2003      4.06%
2004      5.68%
2005      10.12%
2006      9.01%
2007      6.05%
2008      0.73%
2009      -0.86%
2010      -0.04%
2011      -0.45%
2012      3.89%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.27%         Rank: 246 of 381 (35th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.2%           Rank: 85 of 381 (77th Percentile)
Last 5 Years                              4%              Rank: 40 of 381 (89th Percentile)
Last 10 Years  . . . . . . . . . . . .   44%            Rank: 19 of 381 (95th Percentile)
Last 20 Years                            113%          Rank: 53 of 372 (85th Percentile)


The change in home prices for Great Falls, MT are shown above for five time
periods. For example: Great Falls appreciated 0.27% in the Last Quarter. At
that rate, the Great Falls Real Estate Market was ranked 246th out of 381
metropolitan Real Estate Markets. Great Falls was in the 35th percentile. So
Great Falls, MT performed better in the Last Quarter than 35% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2013 Housing Statistics: Great Falls, Montana

The all time high in the Great Falls Home Price Index was 194.5 in the 2nd
Quarter, of 2013.  The Home Price Index indicates that the Great Falls Market is
up 44% over the last 10 years. Home prices in the Great Falls Real Estate
Market have gained 5.20% over the last 12 months.

The 2nd Quarter index value was 0.52 points higher than the 1st Quarter, 2013
index value of 194.01, resulting in a 0.27% rise in the 2nd Quarter for the Great
Falls Market.

The Great Falls Home Price Index has increased for the last 7 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 13 consecutive quarters.
The current record holders for consecutive declines in the Home Price Index
are Wichita Falls, TX; Toledo, OH; Springfield, OH; Scranton, PA and Rockford,
IL, with declines in the last 5 consecutive quarters.

The highest annual change in the value of houses in the Great Falls Real
Estate Market was 12% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Great Falls Market was
-4% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Great Falls Real Estate Market over a
three year period was 28% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Great Falls
Market was -3% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Great Falls Home Price Index
(above). For information about Montana 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 Great Falls 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 Great Falls 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 Great Falls 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
2nd Quarter, 2013 Housing Data: Great Falls, Montana

The trend of Great Falls 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 2nd Quarter of 2013, Great Falls Home Prices had a rank of 246,
with appreciation of 0.27%. The top performing real estate market during the
2nd Quarter was Stockton, CA, with a rise of 7.33%. The worst market during
that period was Lawton, OK, with appreciation of -3.13%.
The median for all cities during the 2nd Quarter was 0.71%. The average for all
markets during the quarter was 1.07%.

Last Year:
During the last 12 months, Great Falls Home Prices had a rank of 85, with
appreciation during the year of 5.20%. The top performing market during the
last year was Stockton, CA, with an increase of 19.4%. The worst real estate
market during that period was Norwich, CT, with appreciation of -3.4%.
The median for all markets during this period was 1.95%. The average was
3.25%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2013, Great Falls Home Prices
ranked 40, with a total appreciation of 3.9%. The top performing real estate
market during the 5 year period was Bismarck, ND, with a growth in value of
29%. The worst market during that period was Las Vegas, NV, with appreciation
of -39%.
The median for all cities during this time period was -8%. The average over the
5 years was -9%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2013, Great Falls Home Prices
had a rank of 19, with appreciation during the decade of 44%. The top
performing market during the period was Midland, TX, with a rise of 115%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -30%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2013, Great Falls Home Prices
had a rank of 53, with total growth over the 20 year period of 113%. The top
performing real estate market during the period was Casper, WY, with an
increase of 206%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 19%.
The median for all cities during the last 20 years was 78%. The average for the
markets over that time frame was 80%.

Historical research data on the Home Price Index for the Great Falls Real Estate
Market is available back to the 4th Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Great Falls. 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.)








Commentary  14007
1st Quarter, 2013 Housing Statistics: Great Falls, Montana


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 Great Falls housing market for the 12
months ending with the 1st Quarter of 2014 is UP. The Accuracy of the Trend
Forecast for Great Falls 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
Great Falls is 78% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2014 than they were in the 1st
Quarter of 2013. Check this page each quarter for updates to the Great Falls
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Great Falls housing market for the 3 years
ending with the 1st Quarter of 2016 is UP. The Accuracy of the Trend Forecast
for Great Falls is 83%. In other words, when tested against historical data, the
forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Great Falls is 83% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2016 than they were in the 1st
Quarter of 2013. Check this page each quarter for updates to the Great Falls
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2013 Housing Data: Great Falls, Montana


Historical Home Price Appreciation
Last Quarter                                     0.84%
Last Year . . . . . . . . . . . . . . . . . . . .  4.6%
Last 5 Years                                     2%
Last 10 Years . . . . . . . . . . . . . . . . . 45%
Last 20 Years                                   117%



Annual Home Price Appreciation Rates
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      5.60%
1994      4.30%
1995      7.03%
1996      3.44%
1997      5.73%
1998      4.83%
1999      -0.43%
2000      4.65%
2001      2.50%
2002      3.64%
2003      4.16%
2004      5.66%
2005      10.09%
2006      8.98%
2007      6.07%
2008      0.73%
2009      -0.82%
2010      0.10%
2011      -0.80%
2012      4.11%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.84%         Rank: 104 of 381 (72nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.6%           Rank: 62 of 381 (83rd Percentile)
Last 5 Years                              2%              Rank: 47 of 381 (87th Percentile)
Last 10 Years  . . . . . . . . . . . .   45%            Rank: 20 of 381 (95th Percentile)
Last 20 Years                            117%          Rank: 39 of 369 (89th Percentile)


The change in home prices for Great Falls, MT are shown above for five time
periods. For example: Great Falls appreciated 0.84% in the Last Quarter. At
that rate, the Great Falls Real Estate Market was ranked 104th out of 381
metropolitan Real Estate Markets. Great Falls was in the 72nd percentile. So
Great Falls, MT performed better in the Last Quarter than 72% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2013 Housing Statistics: Great Falls, Montana

The all time high in the Great Falls Home Price Index was 193.1 in the 1st
Quarter, of 2013.  The Home Price Index indicates that the Great Falls Market is
up 45% over the last 10 years. Home prices in the Great Falls Real Estate
Market have gained 4.65% over the last 12 months.

The 1st Quarter index value was 1.61 points higher than the 4th Quarter, 2012
index value of 191.45, resulting in a 0.84% rise in the 1st Quarter for the Great
Falls Market.

The Great Falls Home Price Index has increased for the last 6 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 12 consecutive quarters.
The current record holders for consecutive declines in the Home Price Index
are Wichita Falls, TX; Toledo, OH; Scranton, PA; Sandusky, OH and Rockford,
IL, with declines in the last 4 consecutive quarters.

The highest annual change in the value of houses in the Great Falls Real
Estate Market was 12% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Great Falls Market was
-4% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Great Falls Real Estate Market over a
three year period was 28% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Great Falls
Market was -3% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Great Falls Home Price Index
(above). For information about Montana 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 Great Falls 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 Great Falls 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 Great Falls 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
1st Quarter, 2013 Housing Data: Great Falls, Montana

The trend of Great Falls 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 1st Quarter of 2013, Great Falls Home Prices had a rank of 104,
with appreciation of 0.84%. The top performing real estate market during the
1st Quarter was Napa, CA, with a rise of 4.80%. The worst market during that
period was Elmira, NY, with appreciation of -5.62%.
The median for all cities during the 1st Quarter was 0.04%. The average for all
markets during the quarter was 0.17%.

Last Year:
During the last 12 months, Great Falls Home Prices had a rank of 62, with
appreciation during the year of 4.65%. The top performing market during the
last year was Phoenix, AZ, with an increase of 15.3%. The worst real estate
market during that period was Pine Bluff, AR, with appreciation of -5.0%.
The median for all markets during this period was 1.00%. The average was
1.58%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2013, Great Falls Home Prices
ranked 47, with a total appreciation of 2.2%. The top performing real estate
market during the 5 year period was Midland, TX, with a growth in value of 22%.
The worst market during that period was Las Vegas, NV, with appreciation of
-49%.
The median for all cities during this time period was -10%. The average over
the 5 years was -12%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2013, Great Falls Home Prices
had a rank of 20, with appreciation during the decade of 45%. The top
performing market during the period was Midland, TX, with a rise of 109%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2013, Great Falls Home Prices
had a rank of 39, with total growth over the 20 year period of 117%. The top
performing real estate market during the period was Casper, WY, with an
increase of 213%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 12%.
The median for all cities during the last 20 years was 77%. The average for the
markets over that time frame was 80%.

Historical research data on the Home Price Index for the Great Falls Real Estate
Market is available back to the 4th Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Great Falls. 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.)










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