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Missoula, MT - House Price Index (HPI) - 20 Year Chart
Missoula Real Estate Market
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The House Price Index (HPI) shows changes in Missoula, MT single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, September 30, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Missoula Real Estate Index: 20 Year Chart
Home Values Appreciation Rate - US Cities
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Missoula Real Estate Market: Trend, Analysis & Statistics
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Commentary  8761
3rd Quarter, 2011 Housing Statistics: Missoula, Montana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      89%

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 Missoula housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Missoula is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Missoula is 89% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2012 than they were in
the 3rd Quarter of 2011. Check this page each quarter for updates to the
Missoula Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      85%

The forecast for the trend in the Missoula housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Missoula 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 falling house prices in
Missoula is 85% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Missoula
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Missoula, Montana


Historical Home Price Appreciation
Last Quarter                         1.74%
Last Year                              -3.8%
Last 5 Years                         -3%
Last 10 Years                       57%
Last 20 Years                       211%
Decline From All Time High   7.64%


Annual Home Price Appreciation Rates
1981        n/a
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      -0.24%
1989      9.28%
1990      3.19%
1991      9.72%
1992      10.90%
1993      12.80%
1994      11.58%
1995      6.56%
1996      4.88%
1997      4.42%
1998      2.06%
1999      2.95%
2000      6.56%
2001      5.85%
2002      8.68%
2003      12.28%
2004      10.17%
2005      11.19%
2006      9.05%
2007      1.97%
2008      -0.13%
2009      -2.29%
2010      -2.37%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.74%         Rank: 93 of 381 (75th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.8%          Rank: 203 of 381 (46th Percentile)
Last 5 Years                              -3%             Rank: 163 of 381 (57th Percentile)
Last 10 Years  . . . . . . . . . . . .   57%            Rank: 18 of 381 (95th Percentile)
Last 20 Years                            211%          Rank: 2 of 351 (99th Percentile)
Decline From All Time High        7.64%

Home Price appreciation rates for Missoula, MT are shown above for five time
periods. For example: Missoula appreciated 1.74% in the Last Quarter. At that
rate, the Missoula Real Estate Market was ranked 93rd out of 381 metropolitan
areas for Real Estate Appreciation. Missoula was in the 75th percentile. So
Missoula, MT performed better in the Last Quarter than 75% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Missoula, Montana

The all time high in the Missoula Home Price Index was 231.0 in the 2nd
Quarter, of 2008. The 3rd Quarter, 2011 index value was 213.4. That's a
decline of 17.65 points or 7.64% below the Missoula Home Price Index all time
high.  The Home Price Index indicates that the Missoula Market is up 57% over
the last 10 years. Home Prices in the Missoula Real Estate Market have lost
3.80% over the last 12 months.

The 3rd Quarter index value was 3.65 points higher than the 2nd Quarter, 2011
index value of 209.73, resulting in a 1.74% rise in the 3rd Quarter for the
Missoula Market.

The Missoula Home Price Index has increased for the last 2 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 6 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Las Vegas, NV, with declines in the last 19 consecutive quarters.

The highest annual home appreciation rate in the Missoula Real Estate Market
was 18% in the twelve months ended with the 2nd Quarter of 1990. The worst
annual home appreciation rate in the Missoula Market was -9% in the twelve
months ended with the 1st Quarter of 1989.

The highest home appreciation in the Missoula Real Estate Market over a three
year period was 43% in the three years ended with the 3rd Quarter of 1994.
The worst home appreciation over a three year period in the Missoula Market
was -9% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Missoula Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Missoula Home Prices, look at the links under
that chart. One link opens a long term chart of historical appreciation rates for
the Missoula Real Estate Market. Another opens a forecast for appreciation
rates in the state of Montana. 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 Missoula Home Prices will be at your
fingertips when you need them.

Historical data on the Missoula Home Price Index is available back to the 1st
Quarter, of 1988. All calculations are based on the quarterly value of the House
Price Index for the Missoula 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 Missoula 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, 2011 Housing Data: Missoula, Montana

The appreciation of Missoula 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 3rd Quarter of 2011, Missoula Home Prices had a rank of 93, with
appreciation of 1.74%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.

Last Year:
During the last 12 months, Missoula Home Prices had a rank of 203, with
appreciation during the year of -3.80%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Missoula Home Prices
ranked 163, with a total appreciation of -2.7%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Missoula Home Prices
had a rank of 18, with appreciation during the decade of 57%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 26%. The
average appreciation for the cities over that time frame was 26%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Missoula Home Prices
had a rank of 2, with total appreciation over the 20 year period of 211%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.

Historical research data on the Home Price Index for the Missoula Real Estate
Market is available back to the 1st Quarter, of 1988. The chart has been
updated through the 3rd Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Missoula. 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.)



PART 5: NATIONAL ECONOMIC FORECASTS  
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast.   Abbreviations: SSAR (Seasonally Adjusted Annual
Rate),  Q1 (First Quarter),  Q2 (Second Quarter),  etc.  

U. S. Home Values (12 Month Appreciation or Depreciation)  -6.9%  (2012-Q3)
30 Year Mortgage Interest Rate:  3.25%  (November, 2012)
15 Year Mortgage Rate:  2.95%  (November, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (November, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (November, 2012)
US Unemployment Rate (Overall):  8.63%  (November, 2012)
US Inflation or Deflation (-):  3.04%  (November, 2012)
Crude Oil Prices (Dollars per Barrel):  $92.4  (November, 2012)
Natural Gas Prices (Dollars Per Million BTU):  $3.37  (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index:   105  (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions:  $15.6  (2012-Q2)
GNP (Gross National Product) SSAR in Trillions:  $16.0  (2012-Q2)
Federal Surplus or Deficit (-) in Billions:  $-1704  (2011)
National Debt (Trillions):  $14.6  (2012-Q2)
Fed Funds Rate:  4.11%  (November, 2012)
S&P 500 (Standard & Poor's 500 Stock Index):  1245  (December, 2012)
DJIA (Dow Jones Industrial Average):  12030  (December, 2012)
U. S. Exports (SSAR in Billions):  $2338  (2012-Q2)
U. S. Imports (SSAR in Billions):  $3042  (2012-Q2)
U. S. Personal Savings Rate:  4.61%  (November, 2012)

































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