Amarillo, TX - House Price Index (HPI)
Amarillo Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Amarillo, TX 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
Amarillo Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  972.56
1st Quarter, 2018 Housing Statistics: Amarillo, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Amarillo housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Amarillo 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
Amarillo is 83% 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 Amarillo Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Amarillo housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Amarillo is 82%. In other words, when tested against historical data, the
forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Amarillo is 82% 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 Amarillo Real
Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     0.09%
Last Year . . . . . . . . . . . . . . . . . . . .  2.7%
Last 5 Years                                     16%
Last 10 Years . . . . . . . . . . . . . . . . . 19%
Last 20 Years                                   79%



Annual Home Price Appreciation Rates
1988      -8.83%
1989      2.13%
1990      -1.03%
1991      7.52%
1992      5.24%
1993      7.72%
1994      9.05%
1995      5.39%
1996      0.99%
1997      4.89%
1998      1.89%
1999      5.92%
2000      3.78%
2001      3.91%
2002      5.97%
2003      1.00%
2004      5.00%
2005      5.43%
2006      3.32%
2007      3.70%
2008      1.13%
2009      0.38%
2010      -0.43%
2011      0.59%
2012      2.21%
2013      1.82%
2014      1.30%
2015      5.49%
2016      4.63%
2017      1.91%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.09%         Rank: 275 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.7%           Rank: 313 of 381 (17th Percentile)
Last 5 Years                              16%            Rank: 233 of 381 (38th Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 73 of 381 (81st Percentile)
Last 20 Years                            79%            Rank: 185 of 379 (51st Percentile)


The change in home prices for Amarillo, TX are shown above for five time
periods. For example: Amarillo appreciated 0.09% in the Last Quarter. At that
rate, the Amarillo Real Estate Market was ranked 275th out of 381 metropolitan
Real Estate Markets. Amarillo was in the 27th percentile. So Amarillo, TX
performed better in the Last Quarter than 27% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























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

The all time high in the Amarillo Home Price Index was 195.7 in the 1st Quarter,
of 2018.  The Home Price Index indicates that the Amarillo Market is up 19%
over the last 10 years. Home prices in the Amarillo Real Estate Market have
gained 2.68% over the last 12 months. Over the last thirty years, it is up 133%.

The 1st Quarter index value was 0.18 points higher than the 4th Quarter, 2017
index value of 195.51, resulting in a 0.09% rise in the 1st Quarter for the
Amarillo Market.

The Amarillo 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Amarillo Real Estate
Market was 17% in the twelve months ended with the 3rd Quarter of 1981. The
worst annual change in home values  in the Amarillo Market was -9% in the
twelve months ended with the 3rd Quarter of 1988.

The highest growth in home values in the Amarillo Real Estate Market over a
three year period was 25% in the three years ended with the 2nd Quarter of
1995. The worst performance over a three year period in the Amarillo Market
was -14% in the three years ended with the 4th Quarter of 1988.

This page provides a long term graph of the Amarillo Home Price Index (above).
For information about Texas 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 Amarillo 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 Amarillo 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 Amarillo 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
1st Quarter, 2018 Housing Data: Amarillo, Texas

The trend of Amarillo 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 1st Quarter of 2018, Amarillo Home Prices had a rank of 275, with
appreciation of 0.09%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Amarillo Home Prices had a rank of 313, with
appreciation during the year of 2.68%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Amarillo Home Prices
ranked 233, with a total appreciation of 16.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Amarillo Home Prices
had a rank of 73, with appreciation during the decade of 19%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Amarillo Home Prices
had a rank of 185, with total growth over the 20 year period of 79%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
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 88%.

Historical research data on the Home Price Index for the Amarillo Real Estate
Market is available back to the 2nd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Amarillo. 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, June 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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