Commentary  25945
3rd Quarter, 2017 Housing Statistics: Oklahoma


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 3rd Quarter of
2018 is UP. The Accuracy of the Trend Projection for Oklahoma is 85%. In
other words, when tested against historical data, the forecasting methodology
was correct 85% of the time. Accordingly, LittleBigHomes.com estimates that the
probability for rising house prices in Oklahoma is 85% during this period. If this
Housing Market Forecast is correct, home prices will be higher in the 3rd
Quarter of 2018 than they were in the 3rd Quarter of 2017. Check this page
each quarter for updates to the Oklahoma Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Oklahoma housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Oklahoma is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Oklahoma is 80% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Oklahoma
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Oklahoma


Historical Home Price Appreciation
Last Quarter                                     0.50%
Last Year . . . . . . . . . . . . . . . . . . . .  3.3%
Last 5 Years                                     17%
Last 10 Years . . . . . . . . . . . . . . . . . 19%
Last 20 Years                                   84%



Annual Home Price Appreciation Rates
1987      -9.92%
1988      -2.57%
1989      2.75%
1990      0.41%
1991      5.21%
1992      2.60%
1993      5.08%
1994      2.58%
1995      4.61%
1996      3.33%
1997      3.91%
1998      4.91%
1999      3.03%
2000      4.51%
2001      5.65%
2002      4.14%
2003      3.58%
2004      4.66%
2005      5.36%
2006      4.35%
2007      3.93%
2008      0.32%
2009      0.48%
2010      -0.27%
2011      -0.80%
2012      1.23%
2013      1.15%
2014      4.34%
2015      4.18%
2016      2.56%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.50%         Rank: 48 of 51 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.3%           Rank: 42 of 51 (18th Percentile)
Last 5 Years                              17%            Rank: 34 of 51 (34th Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 9 of 51 (84th Percentile)
Last 20 Years                            84%            Rank: 32 of 51 (38th Percentile)


The change in home prices for Oklahoma are shown above for five time
periods. For example: Oklahoma appreciated 0.50% in the Last Quarter. At that
rate, the Oklahoma Real Estate Market was ranked 48th out of the 51 real
estate markets of all 50 U.S. States and the District of Columbia. Oklahoma was
in the 6th percentile. So Oklahoma performed better in the Last Quarter than
6% of these 51 real estate markets.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 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
238.2 in the 3rd Quarter, of 2017.  The Home Price Index indicates that the
Oklahoma Market is up 19% over the last 10 years. Home prices in the
Oklahoma Real Estate Market have gained 3.29% over the last 12 months.
Over the last thirty years, it is up 132%.

The 3rd Quarter index value was 1.18 points higher than the 2nd Quarter, 2017
index value of 237.05, resulting in a 0.50% rise in the 3rd Quarter for the
Oklahoma Market.

The Oklahoma Home Price Index has increased for the last 15 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Washington DC, with increases in the last 26 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is West Virginia, with declines in the last 1 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
3rd Quarter, 2017 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 3rd Quarter of 2017, Oklahoma Home Prices had a rank of 48, with
appreciation of 0.50%. The top performing real estate market during the 3rd
Quarter was Nevada, with a rise of 3.16%. The worst market during that period
was West Virginia, with appreciation of -0.23%.
The median for all markets during the 3rd Quarter was 1.38%. The average for
the quarter was 1.43%.

Last Year:
During the last 12 months, Oklahoma Home Prices had a rank of 42, with
appreciation during the year of 3.29%. The top performing market during the
last year was Washington, with an increase of 11.4%. The worst real estate
market during that period was Delaware, with appreciation of 1.2%.
The median for all markets during this period was 5.60%. The average was
5.58%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Oklahoma Home Prices
ranked 34, with a total appreciation of 17.1%. 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 19%. The average over the 5
years was 27%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Oklahoma Home Prices
had a rank of 9, with appreciation during the decade of 19%. The top
performing market during the period was North Dakota, 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 8%. The average over
that time frame was 10%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Oklahoma Home Prices
had a rank of 32, with total growth over the 20 year period of 84%. The top
performing real estate market during the period was Washington DC, with an
increase of 351%. The worst market during the last 20 years was Ohio, with
appreciation of 43%.
The median for all markets during the last 20 years was 97%. The average  
over that period was 104%.

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 Thursday, February 22, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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Oklahoma Real Estate Market & Home Price Forecast
Oklahoma Real Estate: Housing Market Trend
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