Commentary  25945
1st Quarter, 2018 Housing Statistics: Oklahoma


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

LittleBigHomes.com publishes forecasts for the trend in home prices in all 50
states, the District of Columbia and 380 Metropolitan Statistical Areas. The
House Price Trend will be either UP or DOWN. The forecast for the trend in the
Oklahoma housing market for the 12 months ending with the 1st Quarter of
2019 is UP. The Accuracy of the Trend Projection for Oklahoma is 86%. In
other words, when tested against historical data, the forecasting methodology
was correct 86% of the time. Accordingly, LittleBigHomes.com estimates that the
probability for rising house prices in Oklahoma is 86% during this period. If this
Housing Market Forecast is correct, home prices will be higher in the 1st
Quarter of 2019 than they were in the 1st Quarter of 2018. Check this page
each quarter for updates to the Oklahoma Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Oklahoma housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Oklahoma is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Oklahoma is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Oklahoma
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Oklahoma


Historical Home Price Appreciation
Last Quarter                                     -0.63%
Last Year . . . . . . . . . . . . . . . . . . . .  2.3%
Last 5 Years                                     16%
Last 10 Years . . . . . . . . . . . . . . . . . 17%
Last 20 Years                                   79%
Decline From All Time High               0.63%


Annual Home Price Appreciation Rates
1988      -2.57%
1989      2.74%
1990      0.39%
1991      5.27%
1992      2.62%
1993      5.06%
1994      2.57%
1995      4.62%
1996      3.32%
1997      3.92%
1998      4.90%
1999      3.03%
2000      4.52%
2001      5.64%
2002      4.14%
2003      3.57%
2004      4.66%
2005      5.38%
2006      4.34%
2007      3.93%
2008      0.32%
2009      0.44%
2010      -0.24%
2011      -0.81%
2012      1.25%
2013      1.08%
2014      4.30%
2015      4.18%
2016      2.49%
2017      4.23%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.63%        Rank: 49 of 51 (4th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.3%           Rank: 49 of 51 (4th Percentile)
Last 5 Years                              16%            Rank: 39 of 51 (24th Percentile)
Last 10 Years  . . . . . . . . . . . .   17%            Rank: 14 of 51 (74th Percentile)
Last 20 Years                            79%            Rank: 33 of 51 (36th Percentile)
Decline From All Time High        0.63%

The change in home prices for Oklahoma are shown above for five time
periods. For example: Oklahoma appreciated -0.63% in the Last Quarter. At
that rate, the Oklahoma Real Estate Market was ranked 49th out of the 51 real
estate markets of all 50 U.S. States and the District of Columbia. Oklahoma was
in the 4th percentile. So Oklahoma performed better in the Last Quarter than
4% of these 51 real estate markets.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Oklahoma

The data and analysis on this page pertains to Oklahoma, hereinafter referred
to as "Oklahoma". The all time high in the Oklahoma Home Price Index was
239.8 in the 4th Quarter, of 2017. The 1st Quarter, 2018 index value was
238.3. That's a decline of 1.52 points or 0.63% below the Oklahoma Home
Price Index all time high.  The Home Price Index indicates that the Oklahoma
Market is up 17% over the last 10 years. Home prices in the Oklahoma Real
Estate Market have gained 2.29% over the last 12 months. Over the last thirty
years, it is up 143%.

The 1st Quarter index value was 1.52 points lower than the 4th Quarter, 2017
index value of 239.83, resulting in a 0.63% decline for the 1st Quarter in the
Oklahoma Market.

The Oklahoma Home Price Index declined in the last quarter after increasing in
the previous 16 quarters. The current record holders for consecutive declines
in the Home Price Index are North Dakota and Connecticut, with declines in the
last 2 consecutive quarters. The current record holder for consecutive
increases in the Home Price Index is Washington DC, with increases in the last
28 consecutive quarters.

The highest annual change in the value of houses in the Oklahoma Real Estate
Market was 22% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Oklahoma Market was -12% in the
twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Oklahoma Real Estate Market over a
three year period was 15% in the three years ended with the 3rd Quarter of
2007. The worst performance over a three year period in the Oklahoma Market
was -17% in the three years ended with the 1st Quarter of 1988.

This page provides a long term graph and commentary of the Oklahoma Home
Price Index.  Bookmark this page! Then LittleBigHomes.com's detailed research
and statistics about Oklahoma Home Prices will be at your fingertips when you
need them.

All calculations are based on the quarterly value of the House Price Index for
the Oklahoma Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Oklahoma Real Estate Market. As a result,
Home Price data is not available for a number of months after the end of each
quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Oklahoma

The trend of Oklahoma Home Prices relative to 50 states and the District of
Columbia is detailed below. Five different time periods are reviewed.  Each
paragraph identifies the top and bottom performing markets as well as the
average and median performance for all cities during each time period. The
data and analysis on this page pertains to Oklahoma, hereinafter referred to as
"Oklahoma".

Last Quarter:
During the 1st Quarter of 2018, Oklahoma Home Prices had a rank of 49, with
appreciation of -0.63%. The top performing real estate market during the 1st
Quarter was Nevada, with a rise of 3.23%. The worst market during that period
was Alaska, with appreciation of -0.96%.
The median for all markets during the 1st Quarter was 1.11%. The average for
the quarter was 1.11%.

Last Year:
During the last 12 months, Oklahoma Home Prices had a rank of 49, with
appreciation during the year of 2.29%. The top performing market during the
last year was Nevada, with an increase of 13.2%. The worst real estate market
during that period was North Dakota, with appreciation of 0.6%.
The median for all markets during this period was 5.98%. The average was
6.06%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Oklahoma Home Prices
ranked 39, with a total appreciation of 16.5%. The top performing real estate
market during the 5 year period was Nevada, with a growth in value of 83%.
The worst market during that period was Connecticut, with appreciation of 4%.
The median for all markets during this period was 21%. The average over the 5
years was 27%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Oklahoma Home Prices
had a rank of 14, with appreciation during the decade of 17%. The top
performing market during the period was Colorado, with a rise of 52%. The
worst real estate market during the 10 year time period was Connecticut, with
appreciation of -14%.
The median for all markets over the last 10 years was 10%. The average over
that time frame was 12%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Oklahoma Home Prices
had a rank of 33, with total growth over the 20 year period of 79%. The top
performing real estate market during the period was Washington DC, with an
increase of 347%. The worst market during the last 20 years was Ohio, with
appreciation of 41%.
The median for all markets during the last 20 years was 98%. The average  
over that period was 103%.

Historical research data on the Home Price Index for the Oklahoma Real Estate
Market is available back to the 1st Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for Oklahoma. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Saturday, August 18, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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Oklahoma Real Estate Market & Home Price Forecast
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Oklahoma - House Price Index (HPI)
LittleBigHomes.com
The House Price Index (HPI) shows changes in Oklahoma single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030
100
1000
10