What is the MLS® HPI Benchmark Price?
The MLS® Home Price Index is modelled on the Consumer Price Index (CPI) which measures the rate of price change for a basket of goods and services including food, clothing, shelter, and transportation. Instead of measuring goods and services, the HPI measures the change in the price of housing features. Thus, the HPI measures typical, pure price change (inflation or deflation).
Please note that this table is updated every 24 hours.
The graph below charts the historical Home Price Index over a 4 year period.