Bowling Green, KY - House Price Index (HPI)
Bowling Green Real Estate Market Forecast
The House Price Index (HPI) shows changes in Bowling Green, KY 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.
Bowling Green Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1008.56
1st Quarter, 2018 Housing Statistics: Bowling Green, Kentucky


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

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 Bowling Green housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Bowling Green 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 Bowling Green is 80% 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 Bowling Green Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Bowling Green housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Bowling Green is 79%. In other words, when tested against
historical data, the forecasting methodology was correct 79% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Bowling Green is 79% 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 Bowling Green Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Bowling Green, Kentucky


Historical Home Price Appreciation
Last Quarter                                     -2.02%
Last Year . . . . . . . . . . . . . . . . . . . .  6.8%
Last 5 Years                                     18%
Last 10 Years . . . . . . . . . . . . . . . . . 20%
Last 20 Years                                   62%
Decline From All Time High               2.02%


Annual Home Price Appreciation Rates
1988      4.58%
1989      -0.53%
1990      6.95%
1991      1.71%
1992      3.61%
1993      6.55%
1994      8.37%
1995      10.35%
1996      2.50%
1997      3.48%
1998      3.67%
1999      1.79%
2000      2.08%
2001      5.11%
2002      2.38%
2003      2.09%
2004      4.91%
2005      5.35%
2006      2.10%
2007      1.53%
2008      0.80%
2009      -0.57%
2010      0.38%
2011      -0.53%
2012      1.40%
2013      -0.91%
2014      3.39%
2015      4.89%
2016      4.81%
2017      8.32%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.02%        Rank: 352 of 381 (7th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.8%           Rank: 156 of 381 (59th Percentile)
Last 5 Years                              18%            Rank: 214 of 381 (43rd Percentile)
Last 10 Years  . . . . . . . . . . . .   20%            Rank: 68 of 381 (82nd Percentile)
Last 20 Years                            62%            Rank: 263 of 379 (30th Percentile)
Decline From All Time High        2.02%

The change in home prices for Bowling Green, KY are shown above for five
time periods. For example: Bowling Green appreciated -2.02% in the Last
Quarter. At that rate, the Bowling Green Real Estate Market was ranked 352nd
out of 381 metropolitan Real Estate Markets. Bowling Green was in the 7th
percentile. So Bowling Green, KY performed better in the Last Quarter than 7%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Bowling Green, Kentucky

The all time high in the Bowling Green Home Price Index was 186.8 in the 4th
Quarter, of 2017. The 1st Quarter, 2018 index value was 183.0. That's a
decline of 3.78 points or 2.02% below the Bowling Green Home Price Index all
time high.  The Home Price Index indicates that the Bowling Green Market is up
20% over the last 10 years. Home prices in the Bowling Green Real Estate
Market have gained 6.78% over the last 12 months. Over the last thirty years, it
is up 153%.

The 1st Quarter index value was 3.78 points lower than the 4th Quarter, 2017
index value of 186.77, resulting in a 2.02% decline for the 1st Quarter in the
Bowling Green Market.

The Bowling Green Home Price Index declined in the last quarter after
increasing in the previous 3 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 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 highest annual change in the value of houses in the Bowling Green Real
Estate Market was 11% in the twelve months ended with the 1st Quarter of
1995. The worst annual change in home values  in the Bowling Green Market
was -3% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Bowling Green Real Estate Market
over a three year period was 27% in the three years ended with the 4th Quarter
of 1995. The worst performance over a three year period in the Bowling Green
Market was -3% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Bowling Green Home Price Index
(above). For information about Kentucky 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 Bowling Green 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 Bowling Green 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 Bowling Green 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: Bowling Green, Kentucky

The trend of Bowling Green 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, Bowling Green Home Prices had a rank of 352,
with appreciation of -2.02%. 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, Bowling Green Home Prices had a rank of 156, with
appreciation during the year of 6.78%. 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, Bowling Green Home
Prices ranked 214, with a total appreciation of 18.2%. 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, Bowling Green Home
Prices had a rank of 68, with appreciation during the decade of 20%. 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, Bowling Green Home
Prices had a rank of 263, with total growth over the 20 year period of 62%. 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 Bowling Green Real
Estate Market is available back to the 4th Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Bowling Green. 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, June 13, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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