hgomependingHome prices across the nation have mostly recovered from the worst of the from the declines suffered during the “Great Recession,” according to HSH.com’s “Home price recovery index.” HSM.com is a mortgage resource website.

Two Connecticut metro areas are among the worst recovery in the country, New Haven - Milford and Bridgeport – Stamford.

The New Haven - Milford Metro was reported as one of the least recovered metro areas on the national list. During the third quarter of 2017, home prices in the New Haven metro were still 22.31 percent below their peak value and Bridgeport Stamford down 20%.

By contrast the Denver Metro prices are up 72% over their pre-recession peak and Buffalo up 32%

Help may be on the way for homeowners, just last week we reported that the Commercial Record said that homes sales for the State of Connecticut were robust in October with the strongest performance in a decade, sales prices turned in the best performance of the year up 2.7%.

HSH.com’s "Home price recovery index" uses the Federal Housing Finance Agency's (FHFA) Home Price Index as a basis to determine which housing markets have fully recovered (or more) and which still lag behind the housing recovery. The data presented below begins in 1991 and runs through the third quarter of 2017.

 

Metro Name Peak Value Bottom Value Current
Value
% Needed to Regain Peak Amount Above Peak
MOST RECOVERED
     
Denver-Aurora-Lakewood, CO 276.06 255.26 475.46 72%  
Austin-Round Rock, TX 269.84 259.77 436.67 62%  
Dallas-Plano-Irving, TX (MSAD) 172.4 165.3 277.69 61%  
San Francisco-Redwood City-South San Francisco, CA (MSAD) 277.04 214.43 424.12 53%  
Fort Worth-Arlington, TX (MSAD) 168.95 160.86 252.58 50%  
Houston-The Woodlands-Sugar Land, TX 200.62 194.16 296.9 48%  
Nashville-Davidson--Murfreesboro--Franklin, TN 224.49 196.83 321.27 43%  
San Antonio-New Braunfels, TX 216.06 199.25 293.57 36%  
Buffalo-Cheektowaga-Niagara Falls, NY 146.91 146.22 198.49 35%  
Pittsburgh, PA 180.53 176.29 237.84 32%  
LEAST RECOVERED
Bakersfield, CA 253.24 118.35 190.84 33%  
Las Vegas-Henderson-Paradise, NV 269.11 100.72 206.67 30%  
Stockton-Lodi, CA 273.41 107.5 219.48 25%  
Camden, NJ (MSAD) 224.62 164.77 182.79 23%  
New Haven-Milford, CT 202.52 154.24 165.58 22%  
Cape Coral-Fort Myers, FL 317.85 131.96 261.09 22%  
Fresno, CA 272.74 137.45 224.11 22%  
Bridgeport-Stamford-Norwalk, CT 241.61 182.41 201.16 20%  
Tucson, AZ 309.16 175.4 263.75 17%  
Elgin, IL (MSAD) 202.54 130.21 173.72 17%  
REMAINING MARKETS
     
Akron, OH 177.14 141.94 184.17 n/a 4%
Albany-Schenectady-Troy, NY 184.35 168.76 193.23 n/a 5%
Albuquerque, NM 239.25 188.67 229.06 4% n/a
Allentown-Bethlehem-Easton, PA-NJ 205.4 152.27 177.92 15% n/a
Anaheim-Santa Ana-Irvine, CA (MSAD) 288.25 197.33 304.81 n/a 6%
Atlanta-Sandy Springs-Roswell, GA 199.92 140.27 239.88 n/a 20%
Baltimore-Columbia-Towson, MD 270.12 207.33 253.12 7% n/a
Baton Rouge, LA 229.08 213.16 269.23 n/a 18%
Birmingham-Hoover, AL 213.53 176.57 237.58 n/a 11%
Boise City, ID 297.63 164.28 327.12 n/a 10%
Boston, MA (MSAD) 270.5 222.93 303.66 n/a 12%
Cambridge-Newton-Framingham, MA (MSAD) 257.71 214.26 297.81 n/a 16%
Charleston-North Charleston, SC 286.12 203.02 350.86 n/a 23%
Charlotte-Concord-Gastonia, NC-SC 196.05 159.79 242.28 n/a 24%
Chicago-Naperville-Arlington Heights, IL (MSAD) 238.59 160.39 212.13 12% n/a
Cincinnati, OH-KY-IN 180.23 150.15 201.27 n/a 12%
Cleveland-Elyria, OH 174.34 136.38 176.16 n/a 1%
Colorado Springs, CO 260.04 216.12 322.86 n/a 24%
Columbia, SC 187.7 160.3 202.01 n/a 8%
Columbus, OH 180.83 160.34 229.6 n/a 27%
Dayton, OH 156.35 126.11 161.26 n/a 3%
Detroit-Dearborn-Livonia, MI (MSAD) 208.17 113.78 195.5 6% n/a
El Paso, TX 195.42 168.87 194.31 1% n/a
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (MSAD) 353.11 177.84 323.62 9% n/a
Gary, IN (MSAD) 186.88 156.55 199.97 n/a 7%