Inflation Adjusted Quarterly Home Price Appreciation (%) Rank
This is the change in home value for a typical house in this market from 3 months earlier, minus any appreciation from general inflation, and then annualized (i.e. – multiplied four) to get an annual equivalent net appreciation rate.
Quarterly comparisons have more ‘noise’ in them and will tend to bounce around a lot more than annual comparisons. However, quarterly data can also spot market reversals and changes quicker because it only looks back 3 months, instead of a year.
The indicator below represent the Percentile Ranking when compared to ALL markets nationwide. Note that percentile rankings are useful for measuring RELATIVE performance BETWEEN markets, not for measuring the absolute performance.