California-Lexington Park, MD Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Federal Housing Finance Agency (FHFA) House Price Index for California-Lexington Park, MD, shows that home prices in the area have increased by 0.6% from the fourth quarter of 2017 to the fourth quarter of 2018. This is an increase of 6.2% from the fourth quarter of 2016 to the fourth quarter of 2017. The FHFA House Price Index is a weighted, repeat-sales index, meaning that it captures changes in house prices by tracking sales of the same homes over time.

In general, home prices in California-Lexington Park have been on the rise since bottoming out in early 2012. However, there has been some volatility along the way, with prices dipping slightly in late 2013 and again in early 2016 before resuming their upward trend. Despite these brief setbacks, overall price growth has been strong since 2012, and California-Lexington Park home values are now nearly back to their pre-recession peak levels.

Looking ahead, it's possible that rising interest rates could put a damper on future price growth in California-Lexington Park. However, strong economic fundamentals and limited supply should continue to support healthy demand for housing in the area and help keep prices moving upward over time.