|Michigan - House Price Index (HPI) - 33 Year Chart
|Michigan House Price Index Chart
|The House Price Index (HPI) shows changes in Michigan single family home prices in logarithmic
scale. The Value of the index was set at 100 on January of 1980. Updated Thursday, December 20,
2012. Click the link below for the forecast.
Current Analysis: House Price Index
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
3rd Quarter, 2012 Data: Michigan
The all time high in the Michigan House Price Index was 320.6 in the 3rd
Quarter, of 2005. The 3rd Quarter, 2012 index value was 238.1. That's a
decline of 82.52 points or 25.74% below the Michigan House Price Index all time
high. The Michigan Real Estate Index is down 17% over the last 10 years. It
has lost 0.14% over the last 12 months. Over the last thirty years, it is up 143%.
The 3rd Quarter index value was 4.61 points higher than the 2nd Quarter, 2012
index value of 233.45, resulting in a 1.97% rise in the 3rd Quarter.
The Michigan House Price Index increased in the last quarter after falling in the
previous 2 quarters. The current record holder for consecutive increases in the
House Price Index is North Dakota, with increases in the last 9 consecutive
quarters. During the last quarter, the House Price Index increased for all 50
states and the District of Columbia.
This page provides a graph showing over thirty years of the Michigan House
Price Index (above). The chart has been updated through the 3rd Quarter of
2012. For other information about Michigan Home Prices, look at the links
under that chart. One link opens a chart showing over thirty years of historical
appreciation rates for Michigan House Prices. Another opens a forecast for
appreciation rates in Michigan housing. Just one glance at our long term charts
can provide tremendous insight into the historical trends of residential property
values. And those pages contain more than just charts. You'll find a wealth of
other helpful statistics about Michigan Home Prices.
Historical data on the Michigan House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for Michigan.
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