Canton, OH - House Price Index (HPI)
Canton Real Estate Market Forecast
The House Price Index (HPI) shows changes in Canton-Massillon, 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.
Canton Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1019.56
1st Quarter, 2018 Housing Statistics: Canton, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 Canton housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Canton is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Canton is 88% 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 Canton Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Canton housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Canton 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
Canton 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 Canton Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Canton, Ohio


Historical Home Price Appreciation
Last Quarter                                     1.25%
Last Year . . . . . . . . . . . . . . . . . . . .  6.0%
Last 5 Years                                     22%
Last 10 Years . . . . . . . . . . . . . . . . . 6%
Last 20 Years                                   34%



Annual Home Price Appreciation Rates
1988      3.37%
1989      6.47%
1990      5.47%
1991      4.77%
1992      7.14%
1993      4.46%
1994      4.97%
1995      6.88%
1996      5.58%
1997      6.06%
1998      5.71%
1999      2.31%
2000      3.18%
2001      6.15%
2002      2.43%
2003      3.67%
2004      2.01%
2005      2.53%
2006      -1.79%
2007      -1.10%
2008      -4.91%
2009      -1.85%
2010      -1.81%
2011      -2.47%
2012      -1.18%
2013      2.80%
2014      3.72%
2015      2.02%
2016      4.10%
2017      5.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.25%         Rank: 175 of 381 (54th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 188 of 381 (50th Percentile)
Last 5 Years                              22%            Rank: 165 of 381 (56th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 209 of 381 (45th Percentile)
Last 20 Years                            34%            Rank: 358 of 379 (5th Percentile)


The change in home prices for Canton-Massillon, OH are shown above for five
time periods. For example: Canton appreciated 1.25% in the Last Quarter. At
that rate, the Canton Real Estate Market was ranked 175th out of 381
metropolitan Real Estate Markets. Canton was in the 54th percentile. So
Canton, OH performed better in the Last Quarter than 54% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Canton, Ohio

The data and analysis on this page pertains to Canton-Massillon, OH,
hereinafter referred to as "Canton". The all time high in the Canton Home Price
Index was 161.9 in the 1st Quarter, of 2018.  The Home Price Index indicates
that the Canton Market is up 6% over the last 10 years. Home prices in the
Canton Real Estate Market have gained 6.00% over the last 12 months. Over
the last thirty years, it is up 130%.

The 1st Quarter index value was 2.00 points higher than the 4th Quarter, 2017
index value of 159.91, resulting in a 1.25% rise in the 1st Quarter for the
Canton Market.

The Canton Home Price Index has increased for the last 12 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 Canton Real Estate
Market was 15% in the twelve months ended with the 4th Quarter of 1979. The
worst annual change in home values  in the Canton Market was -6% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Canton Real Estate Market over a
three year period was 21% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the Canton Market
was -12% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Canton 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 Canton 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 Canton 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 Canton 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: Canton, Ohio

The trend of Canton 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. The data and analysis on this page pertains
to Canton-Massillon, OH, hereinafter referred to as "Canton".

Last Quarter:
During the 1st Quarter of 2018, Canton Home Prices had a rank of 175, with
appreciation of 1.25%. 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, Canton Home Prices had a rank of 188, with
appreciation during the year of 6.00%. 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, Canton Home Prices
ranked 165, with a total appreciation of 22.2%. 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, Canton Home Prices had
a rank of 209, with appreciation during the decade of 6%. 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, Canton Home Prices had
a rank of 358, with total growth over the 20 year period of 34%. 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 Canton Real Estate
Market is available back to the 3rd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Canton. 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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