The US government’s Office of Federal Housing Enterprise Oversight (OFHEO) released quarterly data today showing that the one year percentage increase in single-family home prices has slowed, when compared to prior years.

This shows, obviously, a slowing real estate market.

Price appreciation of single-family homes in Massachusetts also slowed. (There is no data for condominiums available.)

One year, one quarter, and five year percentage increases in single-family home prices, for all of Massachusetts:

ONE YEAR: 6.51%
ONE QUARTER: 0.55%
FIVE YEARS: 62.42%

Massachusetts ranked 40th (out of 50 states) in price appreciation, over one year.

Fun fact! A home in Massachusetts that cost $100,000 to buy, in 1980, would cost $635,680 today.

One year, one quarter, and five year percentage increases in single-family home prices, in the Boston-Quincy, MA metropolitan area:

ONE YEAR: 5.83%
ONE QUARTER 0.51%
FIVE YEARS 64.73%

The Boston-Quincy, MA metropolitan area ranked 190th (out of 275 metropolitan areas) in 1-year percentage increases in single-family home prices (below the national average).

Annual percentage increases in single-family home prices, for the past five years, in the Boston-Quincy, MA metropolitan area:

YEAR % INCREASE

2001 13.58%
2002 12.53%
2003 12.22%
2004 10.31%
2005 11.74%
2006 5.83%

TOTAL: 64.73%

More information: Office of Federal Housing Enterprise Oversight (OFHEO)

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Updated: January 2018

 

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