Carson City, NV - House Price Index (HPI)
Carson City Real Estate Market Forecast
The House Price Index (HPI) shows changes in Carson City, NV 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.
Carson City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1021.56
1st Quarter, 2018 Housing Statistics: Carson City, Nevada


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 Carson City housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Carson City 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
Carson City is 85% 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
Carson City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Carson City housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Carson City 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
Carson City is 83% 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
Carson City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Carson City, Nevada


Historical Home Price Appreciation
Last Quarter                                     2.29%
Last Year . . . . . . . . . . . . . . . . . . . .  10.2%
Last 5 Years                                     85%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   106%
Decline From All Time High               9.06%


Annual Home Price Appreciation Rates
1988      2.88%
1989      9.89%
1990      4.86%
1991      7.29%
1992      5.48%
1993      4.18%
1994      2.57%
1995      5.36%
1996      1.54%
1997      2.25%
1998      2.29%
1999      -0.69%
2000      4.84%
2001      6.96%
2002      9.95%
2003      14.59%
2004      30.91%
2005      17.64%
2006      -0.76%
2007      -8.37%
2008      -11.61%
2009      -15.05%
2010      -10.63%
2011      -17.33%
2012      1.88%
2013      17.16%
2014      8.21%
2015      17.12%
2016      7.40%
2017      11.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.29%         Rank: 93 of 381 (75th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.2%          Rank: 39 of 381 (90th Percentile)
Last 5 Years                              85%            Rank: 3 of 381 (99th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 222 of 381 (41st Percentile)
Last 20 Years                            106%          Rank: 106 of 379 (72nd Percentile)
Decline From All Time High        9.06%

The change in home prices for Carson City, NV are shown above for five time
periods. For example: Carson City appreciated 2.29% in the Last Quarter. At
that rate, the Carson City Real Estate Market was ranked 93rd out of 381
metropolitan Real Estate Markets. Carson City was in the 75th percentile. So
Carson City, NV performed better in the Last Quarter than 75% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Carson City, Nevada

The all time high in the Carson City Home Price Index was 247.4 in the 1st
Quarter, of 2006. The 1st Quarter, 2018 index value was 225.0. That's a
decline of 22.40 points or 9.06% below the Carson City Home Price Index all
time high.  The Home Price Index indicates that the Carson City Market is up 5%
over the last 10 years. Home prices in the Carson City Real Estate Market have
gained 10.18% over the last 12 months. Over the last thirty years, it is up 231%.

The 1st Quarter index value was 5.03 points higher than the 4th Quarter, 2017
index value of 219.94, resulting in a 2.29% rise in the 1st Quarter for the
Carson City Market.

The Carson City Home Price Index has increased for the last 5 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 Carson City Real
Estate Market was 32% in the twelve months ended with the 3rd Quarter of
2004. The worst annual change in home values  in the Carson City Market was
-19% in the twelve months ended with the 2nd Quarter of 2011.

The highest growth in home values in the Carson City Real Estate Market over
a three year period was 79% in the three years ended with the 3rd Quarter of
2005. The worst performance over a three year period in the Carson City
Market was -42% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Carson City Home Price Index
(above). For information about Nevada 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 Carson City 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 Carson City 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 Carson City 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: Carson City, Nevada

The trend of Carson City 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, Carson City Home Prices had a rank of 93, with
appreciation of 2.29%. 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, Carson City Home Prices had a rank of 39, with
appreciation during the year of 10.18%. 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, Carson City Home Prices
ranked 3, with a total appreciation of 85.0%. 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, Carson City Home Prices
had a rank of 222, with appreciation during the decade of 5%. 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, Carson City Home Prices
had a rank of 106, with total growth over the 20 year period of 106%. 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 Carson City Real
Estate Market is available back to the 4th Quarter, of 1987. All calculations are
based on the quarterly value of the House Price Index for Carson City. 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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