Charleston, SC - House Price Index (HPI)
Charleston Real Estate Market Forecast  (SC)
The House Price Index (HPI) shows changes in Charleston-North Charleston-Summerville, SC
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.
Charleston Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27648
3rd Quarter, 2017 Housing Statistics: Charleston, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

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 Charleston housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Charleston is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Charleston is 84% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Charleston
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Charleston housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Charleston is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Charleston is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Charleston
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Charleston, South Carolina


Historical Home Price Appreciation
Last Quarter                                     1.73%
Last Year . . . . . . . . . . . . . . . . . . . .  9.6%
Last 5 Years                                     47%
Last 10 Years . . . . . . . . . . . . . . . . . 19%
Last 20 Years                                   178%



Annual Home Price Appreciation Rates
1987      2.55%
1988      5.07%
1989      5.75%
1990      3.06%
1991      5.60%
1992      1.29%
1993      1.84%
1994      -0.17%
1995      2.13%
1996      5.34%
1997      6.25%
1998      9.54%
1999      12.74%
2000      8.89%
2001      6.89%
2002      5.12%
2003      4.79%
2004      12.69%
2005      17.36%
2006      9.57%
2007      0.71%
2008      -5.02%
2009      -8.04%
2010      -3.51%
2011      -3.77%
2012      -0.25%
2013      4.66%
2014      8.87%
2015      9.84%
2016      8.40%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.73%         Rank: 166 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.6%           Rank: 53 of 381 (86th Percentile)
Last 5 Years                              47%            Rank: 61 of 381 (84th Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 68 of 381 (82nd Percentile)
Last 20 Years                            178%          Rank: 19 of 379 (95th Percentile)


The change in home prices for Charleston-North Charleston, SC are shown
above for five time periods. For example: Charleston appreciated 1.73% in the
Last Quarter. At that rate, the Charleston Real Estate Market was ranked 166th
out of 381 metropolitan Real Estate Markets. Charleston was in the 56th
percentile. So Charleston, SC performed better in the Last Quarter than 56% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Charleston, South Carolina

The data and analysis on this page pertains to Charleston-North Charleston,
SC, hereinafter referred to as "Charleston". The all time high in the Charleston
Home Price Index was 319.0 in the 3rd Quarter, of 2017.  The Home Price Index
indicates that the Charleston Market is up 19% over the last 10 years. Home
prices in the Charleston Real Estate Market have gained 9.61% over the last 12
months. Over the last thirty years, it is up 292%.

The 3rd Quarter index value was 5.42 points higher than the 2nd Quarter, 2017
index value of 313.56, resulting in a 1.73% rise in the 3rd Quarter for the
Charleston Market.

The Charleston Home Price Index has increased for the last 21 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Charleston Real
Estate Market was 42% in the twelve months ended with the 2nd Quarter of
1982. The worst annual change in home values  in the Charleston Market was
-29% in the twelve months ended with the 4th Quarter of 1983.

The highest growth in home values in the Charleston Real Estate Market over a
three year period was 45% in the three years ended with the 4th Quarter of
2006. The worst performance over a three year period in the Charleston Market
was -20% in the three years ended with the 4th Quarter of 1985.

This page provides a long term graph of the Charleston Home Price Index
(above). For information about South Carolina 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 Charleston 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 Charleston 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 Charleston 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
3rd Quarter, 2017 Housing Data: Charleston, South Carolina

The trend of Charleston 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 Charleston-North Charleston, SC, hereinafter referred to as "Charleston".

Last Quarter:
During the 3rd Quarter of 2017, Charleston Home Prices had a rank of 166,
with appreciation of 1.73%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Charleston Home Prices had a rank of 53, with
appreciation during the year of 9.61%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Charleston Home Prices
ranked 61, with a total appreciation of 47.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Charleston Home Prices
had a rank of 68, with appreciation during the decade of 19%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Charleston Home Prices
had a rank of 19, with total growth over the 20 year period of 178%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Charleston Real Estate
Market is available back to the 3rd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Charleston. 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, December 13, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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