The Federal Housing Finance Agency (FHFA) publishes a quarterly report entitled House Price Index Quarterly Report. This report provides appreciation data nationally, state by state and by city. The last quarterly report is for the quarter ended December 31, 2024 and provides a basis for comparison with 2023. Highlights of this report are:
- Nationally the U.S housing market has experienced positive appreciation each quarter since 2012
- Housing prices increased in 49 states in 2024 with the following states showing the highest appreciation (Connecticut 8.32%, New Jersey 8.32%,Wyoming 8.25%, Vermont 8.09% and Rhode Island 7.64%). Mississippi is the only state where prices declined in 2024, .2%.
- Housing prices rose in 92 of the 100 largest metropolitan areas in 2024
- Nationwide housing prices increased 4.5% in the 4th quarter of 2024
The Housing Price Index provides price appreciation data for the past quarter, the past year and the past five year period. The report also reports appreciation data since the first quarter of 1991 through the 4th quarter of 2024.
In the last 5 years the states with the highest appreciation are :
- Maine 78.49%
- Montana 77.1%
- New Hampshire 75.07
- Florida 74.79%
- Vermont 74.55%
The states with the highest appreciation since 1991 are:
- Montana 637%
- Utah 626%
- Colorado 597%
- Idaho 549%
- Oregon 534%
For Colorado, price appreciation was 1.88% statewide in 2024. For the past five years appreciation in Colorado was 45.31%. Since 1991 the appreciation in Colorado has been 596.73%,which is the third highest of any state in the country. For Denver-Aurora-Lakewood, the appreciation since 1991 is 640% which is the second highest among the largest 100 metropolitan area in the country.
There is a wealth of information in the report. For the full report CLICK HERE
