Hedonic Price Index are the most significant methods of understanding the evolution of the housing market. The Romanian housing market, especially the one for Bucharest has been impacted both by conditions of financing and availability of dwellings. By following more than 15.000 transactions between 2013-2015, the purpose of this paper was to develop a hedonic price index, and through the availability of time of market values and different levels of prices before transaction, expanding the analysis of the housing market.