Barnstable Town, MA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Barnstable Town, MA, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index was created in order to be a more accurate measure of house price changes than other methods, such as the Case-Shiller Index.

The FHFA HPI for Barnstable Town peaked in June 2005 at 274.7 and then declined steadily until reaching its trough of 193.1 in December 2011. Since then, the index has been on the rise, reaching 247.8 as of December 2016 - an increase of 28.7% from its trough.

There are several factors that have contributed to the rising home prices in Barnstable Town since 2011. One is the overall improvement in the economy and job market since the Great Recession ended. This has led to more people having the financial ability to buy a home and has increased demand for housing. Additionally, interest rates have remained low since 2011, making it cheaper for people to borrow money to buy a home. Lastly, there has been limited supply of homes available for sale, especially compared to pre-recession levels, which has helped drive up prices even further