Cleveland, TN - House Price Index (HPI)
Cleveland Real Estate Market Forecast  (TN)
The House Price Index (HPI) shows changes in Cleveland, TN 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.
Cleveland Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1035.56
1st Quarter, 2018 Housing Statistics: Cleveland, Tennessee


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


3 Year Forecast:            UP
Forecast Accuracy:      82%

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




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Cleveland, Tennessee


Historical Home Price Appreciation
Last Quarter                                     2.32%
Last Year . . . . . . . . . . . . . . . . . . . .  6.6%
Last 5 Years                                     16%
Last 10 Years . . . . . . . . . . . . . . . . . 9%
Last 20 Years                                   67%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      3.80%
1994      5.26%
1995      7.30%
1996      6.01%
1997      4.91%
1998      5.80%
1999      -1.40%
2000      7.17%
2001      6.89%
2002      4.57%
2003      2.12%
2004      4.19%
2005      7.24%
2006      7.94%
2007      0.77%
2008      -1.72%
2009      -1.53%
2010      -1.13%
2011      -1.26%
2012      1.78%
2013      -1.28%
2014      1.91%
2015      1.99%
2016      3.56%
2017      5.91%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.32%         Rank: 89 of 381 (76th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.6%           Rank: 163 of 381 (57th Percentile)
Last 5 Years                              16%            Rank: 235 of 381 (38th Percentile)
Last 10 Years  . . . . . . . . . . . .   9%              Rank: 179 of 381 (53rd Percentile)
Last 20 Years                            67%            Rank: 243 of 379 (35th Percentile)


The change in home prices for Cleveland, TN are shown above for five time
periods. For example: Cleveland appreciated 2.32% in the Last Quarter. At that
rate, the Cleveland Real Estate Market was ranked 89th out of 381 metropolitan
Real Estate Markets. Cleveland was in the 76th percentile. So Cleveland, TN
performed better in the Last Quarter than 76% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Cleveland, Tennessee

The all time high in the Cleveland Home Price Index was 199.0 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the Cleveland Market is
up 9% over the last 10 years. Home prices in the Cleveland Real Estate Market
have gained 6.61% over the last 12 months.

The 1st Quarter index value was 4.51 points higher than the 4th Quarter, 2017
index value of 194.45, resulting in a 2.32% rise in the 1st Quarter for the
Cleveland Market.

The Cleveland 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 Cleveland Real Estate
Market was 11% in the twelve months ended with the 3rd Quarter of 1995. The
worst annual change in home values  in the Cleveland Market was -4% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Cleveland Real Estate Market over a
three year period was 26% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the Cleveland Market
was -7% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Cleveland 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, Cleveland Home Prices had a rank of 89, with
appreciation of 2.32%. 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, Cleveland Home Prices had a rank of 163, with
appreciation during the year of 6.61%. 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, Cleveland Home Prices
ranked 235, 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, Cleveland Home Prices
had a rank of 179, with appreciation during the decade of 9%. 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, Cleveland Home Prices
had a rank of 243, with total growth over the 20 year period of 67%. 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 Cleveland Real Estate
Market is available back to the 2nd Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Cleveland. 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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