Akron, OH - House Price Index (HPI)
Akron Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Akron, OH 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.
10
Akron Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  203.56
4th Quarter, 2017 Housing Statistics: Akron, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Akron housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Akron 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
Akron is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Akron housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Akron is 83%. In other words, when tested against historical data, the
forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Akron is 83% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Akron, Ohio


Historical Home Price Appreciation
Last Quarter                                     0.89%
Last Year . . . . . . . . . . . . . . . . . . . .  6.8%
Last 5 Years                                     19%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   33%



Annual Home Price Appreciation Rates
1988      5.66%
1989      6.99%
1990      4.91%
1991      5.29%
1992      6.13%
1993      5.79%
1994      3.33%
1995      6.26%
1996      5.10%
1997      4.80%
1998      5.18%
1999      2.28%
2000      4.30%
2001      5.42%
2002      2.57%
2003      2.51%
2004      3.07%
2005      3.01%
2006      -0.49%
2007      -2.93%
2008      -3.70%
2009      -2.31%
2010      -1.31%
2011      -4.38%
2012      -1.29%
2013      1.48%
2014      3.67%
2015      4.71%
2016      1.40%
2017      6.77%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.89%         Rank: 183 of 381 (52nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.8%           Rank: 135 of 381 (64th Percentile)
Last 5 Years                              19%            Rank: 192 of 381 (49th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 211 of 381 (44th Percentile)
Last 20 Years                            33%            Rank: 363 of 379 (4th Percentile)


The change in home prices for Akron, OH are shown above for five time
periods. For example: Akron appreciated 0.89% in the Last Quarter. At that
rate, the Akron Real Estate Market was ranked 183rd out of 381 metropolitan
Real Estate Markets. Akron was in the 52nd percentile. So Akron, OH
performed better in the Last Quarter than 52% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Akron, Ohio

The all time high in the Akron Home Price Index was 153.8 in the 4th Quarter, of
2017.  The Home Price Index indicates that the Akron Market is up 5% over the
last 10 years. Home prices in the Akron Real Estate Market have gained 6.77%
over the last 12 months. Over the last thirty years, it is up 126%.

The 4th Quarter index value was 1.35 points higher than the 3rd Quarter, 2017
index value of 152.49, resulting in a 0.89% rise in the 4th Quarter for the Akron
Market.

The Akron Home Price Index has increased for the last 4 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 26
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 consecutive quarters.

The highest annual change in the value of houses in the Akron Real Estate
Market was 19% in the twelve months ended with the 4th Quarter of 1978. The
worst annual change in home values  in the Akron Market was -6% in the twelve
months ended with the 1st Quarter of 2010.

The highest growth in home values in the Akron Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
1990. The worst performance over a three year period in the Akron Market was
-12% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Akron Home Price Index (above).
For information about Ohio home values, click Real Estate Market Forecasts in
the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Akron 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 Akron 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 Akron Real Estate Market and hundreds of
other cities. 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
4th Quarter, 2017 Housing Data: Akron, Ohio

The trend of Akron Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. 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.

Last Quarter:
During the 4th Quarter of 2017, Akron Home Prices had a rank of 183, with
appreciation of 0.89%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Akron Home Prices had a rank of 135, with
appreciation during the year of 6.77%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Akron Home Prices
ranked 192, with a total appreciation of 19.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Akron Home Prices had
a rank of 211, with appreciation during the decade of 5%. The top performing
market during the period was Denver, CO, with a rise of 65%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Akron Home Prices had
a rank of 363, with total growth over the 20 year period of 33%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Akron Real Estate
Market is available back to the 1st Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Akron. 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 Wednesday, March 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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