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Pittsfield, MA - House Price Index (HPI) - 22 Year Chart
Pittsfield Real Estate Market
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The House Price Index (HPI) shows changes in Pittsfield, MA single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Tuesday, May 1, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Pittsfield Real Estate Index: 22 Year Chart
Home Values Appreciation Rate - US Cities
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Pittsfield Real Estate Market: Trend, Analysis & Statistics
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Commentary  10331
4th Quarter, 2011 Housing Statistics: Pittsfield, Massachusetts


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      73%

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 Pittsfield housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Pittsfield is 73%. In other words, when tested against
historical data, the forecasting methodology was correct 73% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Pittsfield is 73% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Pittsfield Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      71%

The forecast for the trend in the Pittsfield housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Pittsfield is 71%. In other words, when tested against historical data, the
forecasting methodology was correct 71% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Pittsfield is 71% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Pittsfield Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Pittsfield, Massachusetts


Historical Home Price Appreciation
Last Quarter                         2.13%
Last Year                              -1.1%
Last 5 Years                         -5%
Last 10 Years                       51%
Last 20 Years                       83%
Decline From All Time High   5.60%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987      12.83%
1988      6.01%
1989      6.82%
1990      -6.59%
1991      -4.32%
1992      -4.40%
1993      0.63%
1994      -2.62%
1995      4.12%
1996      6.50%
1997      -1.81%
1998      -0.03%
1999      3.65%
2000      8.46%
2001      5.76%
2002      10.18%
2003      10.90%
2004      12.16%
2005      8.67%
2006      6.58%
2007      0.77%
2008      -1.14%
2009      -3.28%
2010      -0.10%
2011      -1.15%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.13%         Rank: 33 of 381 (91st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.1%          Rank: 109 of 381 (71st Percentile)
Last 5 Years                              -5%             Rank: 171 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   51%            Rank: 28 of 381 (92nd Percentile)
Last 20 Years                            83%            Rank: 188 of 355 (47th Percentile)
Decline From All Time High        5.60%

Home Price appreciation rates for Pittsfield, MA are shown above for five time
periods. For example: Pittsfield appreciated 2.13% in the Last Quarter. At that
rate, the Pittsfield Real Estate Market was ranked 33rd out of 381 metropolitan
areas for Real Estate Appreciation. Pittsfield was in the 91st percentile. So
Pittsfield, MA performed better in the Last Quarter than 91% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Pittsfield, Massachusetts

The all time high in the Pittsfield Home Price Index was 220.3 in the 1st Quarter,
of 2008. The 4th Quarter, 2011 index value was 208.0. That's a decline of
12.35 points or 5.60% below the Pittsfield Home Price Index all time high.  The
Home Price Index indicates that the Pittsfield Market is up 51% over the last 10
years. Home Prices in the Pittsfield Real Estate Market have lost 1.15% over
the last 12 months.

The 4th Quarter index value was 4.33 points higher than the 3rd Quarter, 2011
index value of 203.66, resulting in a 2.13% rise in the 4th Quarter for the
Pittsfield Market.

The Pittsfield Home Price Index increased in the last quarter after falling in the
previous 4 quarters. The current record holders for consecutive increases in
the Home Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and
Grand Forks, ND, with increases in the last 3 consecutive quarters. The current
record holder for consecutive declines in the Home Price Index is Las Vegas,
NV, with declines in the last 20 consecutive quarters.

The highest annual home appreciation rate in the Pittsfield Real Estate Market
was 19% in the twelve months ended with the 2nd Quarter of 1987. The worst
annual home appreciation rate in the Pittsfield Market was -10% in the twelve
months ended with the 3rd Quarter of 1991.

The highest home appreciation in the Pittsfield Real Estate Market over a three
year period was 39% in the three years ended with the 1st Quarter of 2006.
The worst home appreciation over a three year period in the Pittsfield Market
was -15% in the three years ended with the 4th Quarter of 1992.

This page provides a long term graph of the Pittsfield Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Pittsfield Home Prices, look at the links under
that chart. One link opens a long term chart of historical appreciation rates for
the Pittsfield Real Estate Market. Another opens a forecast for appreciation
rates in the state of Massachusetts. 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 Pittsfield Home Prices will be at your
fingertips when you need them.

Historical data on the Pittsfield Home Price Index is available back to the 2nd
Quarter, of 1986. All calculations are based on the quarterly value of the House
Price Index for the Pittsfield 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 Pittsfield 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, 2011 Housing Data: Pittsfield, Massachusetts

The appreciation of Pittsfield 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 4th Quarter of 2011, Pittsfield Home Prices had a rank of 33, with
appreciation of 2.13%. The top performing real estate market during the 4th
Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market during
that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Pittsfield Home Prices had a rank of 109, with
appreciation during the year of -1.15%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Pittsfield Home Prices
ranked 171, with a total appreciation of -4.8%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Pittsfield Home Prices
had a rank of 28, with appreciation during the decade of 51%. 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 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Pittsfield Home Prices
had a rank of 188, with total appreciation over the 20 year period of 83%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Pittsfield Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Pittsfield. 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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