Commentary  25949
1st Quarter, 2018 Housing Statistics: South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

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
South Carolina housing market for the 12 months ending with the 1st Quarter of
2019 is UP. The Accuracy of the Trend Projection for South Carolina is 92%. In
other words, when tested against historical data, the forecasting methodology
was correct 92% of the time. Accordingly, LittleBigHomes.com estimates that the
probability for rising house prices in South Carolina is 92% 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 South Carolina Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      89%

The forecast for the trend in the South Carolina housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for South Carolina is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in South Carolina is 89% 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 South Carolina Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     1.69%
Last Year . . . . . . . . . . . . . . . . . . . .  7.2%
Last 5 Years                                     27%
Last 10 Years . . . . . . . . . . . . . . . . . 11%
Last 20 Years                                   82%



Annual Home Price Appreciation Rates
1988      4.32%
1989      4.27%
1990      2.11%
1991      4.35%
1992      2.59%
1993      2.72%
1994      2.02%
1995      4.66%
1996      4.17%
1997      4.96%
1998      5.46%
1999      4.68%
2000      4.95%
2001      5.74%
2002      3.61%
2003      3.11%
2004      5.86%
2005      8.51%
2006      7.22%
2007      2.58%
2008      -1.37%
2009      -4.12%
2010      -2.38%
2011      -3.09%
2012      -1.21%
2013      0.29%
2014      4.17%
2015      5.56%
2016      5.79%
2017      6.61%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.69%         Rank: 15 of 51 (72nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.2%           Rank: 15 of 51 (72nd Percentile)
Last 5 Years                              27%            Rank: 18 of 51 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   11%            Rank: 25 of 51 (52nd Percentile)
Last 20 Years                            82%            Rank: 32 of 51 (38th Percentile)


The change in home prices for South Carolina are shown above for five time
periods. For example: South Carolina appreciated 1.69% in the Last Quarter. At
that rate, the South Carolina Real Estate Market was ranked 15th out of the 51
real estate markets of all 50 U.S. States and the District of Columbia. South
Carolina was in the 72nd percentile. So South Carolina performed better in the
Last Quarter than 72% of these 51 real estate markets.

























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

The data and analysis on this page pertains to South Carolina, hereinafter
referred to as "South Carolina". The all time high in the South Carolina Home
Price Index was 381.6 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the South Carolina Market is up 11% over the last 10 years.
Home prices in the South Carolina Real Estate Market have gained 7.16% over
the last 12 months. Over the last thirty years, it is up 159%.

The 1st Quarter index value was 6.35 points higher than the 4th Quarter, 2017
index value of 375.23, resulting in a 1.69% rise in the 1st Quarter for the South
Carolina Market.

The South Carolina Home Price Index has increased for the last 17 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 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 highest annual change in the value of houses in the South Carolina Real
Estate Market was 14% in the twelve months ended with the 1st Quarter of
1979. The worst annual change in home values  in the South Carolina Market
was -7% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the South Carolina Real Estate Market
over a three year period was 23% in the three years ended with the 4th Quarter
of 2006. The worst performance over a three year period in the South Carolina
Market was -12% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph and commentary of the South Carolina
Home Price Index.  Bookmark this page! Then LittleBigHomes.com's detailed
research and statistics about South Carolina 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 South Carolina 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 South Carolina 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: South Carolina

The trend of South Carolina 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 South Carolina, hereinafter referred
to as "South Carolina".

Last Quarter:
During the 1st Quarter of 2018, South Carolina Home Prices had a rank of 15,
with appreciation of 1.69%. 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, South Carolina Home Prices had a rank of 15, with
appreciation during the year of 7.16%. 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, South Carolina Home
Prices ranked 18, with a total appreciation of 26.6%. 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, South Carolina Home
Prices had a rank of 25, with appreciation during the decade of 11%. 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, South Carolina Home
Prices had a rank of 32, with total growth over the 20 year period of 82%. 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 South Carolina 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 South Carolina. 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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Alabama Real Estate Market: Percent Change in Home Prices
South Carolina Real Estate Market & Home Price Forecast
South Carolina Real Estate: Housing Market Trend
South Carolina - House Price Index (HPI)
LittleBigHomes.com
The House Price Index (HPI) shows changes in South Carolina 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